Supply-side inflation in commodities, producer pricing power, and forestry

Authors: John Walker
Publication: New Zealand Journal of Forestry, Volume N.Z.J.For. 2007, Issue N.Z.J.For. 52(2) 2007, pp 36-40, Aug 2007
Publisher: New Zealand Institute of Forestry

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Abstract: The World has contended with higher oil prices and higher metal prices, and now it faces the prospect of higher food prices. These three scarcities are supply driven: in this decade, oil has gone from $10 to over $70 a barrel; copper from 60c to $3.60 a pound; corn from $1.60 to $3.50 a bushel - and one should probably contemplate a fourth scarcity, water - and labour.

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