Ok, so I've previously blogged about the issue of ethanol affecting food prices. Here's a potential opportunity cost of planting more corn to produce more ethanol - rising wheat costs, which will definitely affect our cost for a slice of pizza and pasta. This article documents a NY pizzaiolo's price for a bag of flour that went from $16 a bag to $37 a bag in only 4 weeks. Can't wait to see what Del Posto will charge for a plate of pasta in order to make a profit now...say hello to $40 a plate :P
Wednesday, March 26, 2008
Pizza and Pasta Prices
Ok, so I've previously blogged about the issue of ethanol affecting food prices. Here's a potential opportunity cost of planting more corn to produce more ethanol - rising wheat costs, which will definitely affect our cost for a slice of pizza and pasta. This article documents a NY pizzaiolo's price for a bag of flour that went from $16 a bag to $37 a bag in only 4 weeks. Can't wait to see what Del Posto will charge for a plate of pasta in order to make a profit now...say hello to $40 a plate :P
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