This is for an economics assignment. Looking for some specific examples of sudden rises or falls in any agricultural commodities. This could be due to political unrest, or adverse weather conditions or a natural disaster,etc. Something along those lines which would cause a rapid change in prices.

Thank you in advance.

 

  • Nicoletta 1:01 pm on July 29, 2010

    Right now the crops have suffered greatly in America’s midwest due to the flooding earlier from summer and spring. This increases the price of corn/livestock feed/biofuel (from corn) which in turn rises the cost of pork/beef/anything else that is raised out there. I would focus on that because it affects the whole world, we are (US) the 2nd largest pork exporter in the world. If this country’s prices increase so does everyones. So while fertilizer companies, anti fungucide companies,insecticide companies may make out because of increased need for their product. Demand for the corn would be at an all time high and thus the price goes up.