Added by on 2008-11-27

The New York Times identified food pricing trends in an article posted today, noting that in spite of pullback in commodities prices, that overall upward trends, especially in packaged foods was projected to stay on the upswing. The baseline prices started to increase as the pronounced move towards alternative fuels caused less cropland to be available for edible farm products.

This is a perfect time to start that diet, America. Stop eating the packaged food products that refuse to pullback pricing, based on the falsehood that food manufacturers are still digesting losses from their failure to keep pace with the rising prices of raw materials. Food companies are raking it in, owing primarily to trends in population that have kept pricing and consumption on a steady upward march.

Consumers need to yell loudly to manufacturers; if you don’t reduce prices in lockstep with raw materials price reductions, we’ll eat less. It’s only about equity and good business, if businesses care about customers, customers will do the same. In the face of a difficult landscape for business, wages and cost of living, food and energy staples need to maintain integrity, and forego the Machievellian trend towards proving essential greedy tendencies in businesses, and try to act towards the virtue of equity.

If we yell loudly enough, food companies will hear us and treat us fairly. We will need the money to offset the various perils we will be facing in this difficult economy. It’s win-win; if they listen, food prices will move with market prices, and if not, we’ll lose weight, which is what it should be like anyway.

Happy Thanksgiving.

Be careful, be watchful and Good Luck!

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