Thursday, May 31, 2007

No Tequila???? JFC!!

“Forget the tortilla crisis… no agave, no tequila... mucho problemo!” continued our Maniac Trader. Many Mexican farmers are literally igniting their blue agave fields and sowing the land for corn. U.S. demand has pushed prices high enough to pull agave farmers right out of the industry. “The switch to corn will contribute to an expected scarcity of agave in coming years, with officials predicting that farmers will plant between 25-35% less agave this year to turn the land over to corn,” reported Reuters.
And we’ve heard rumors that barley growers in Germany have switched to rapeseed -- or canola, if you prefer its more hygienic moniker -- for use in biodiesel. The knock-on effect is rising beer prices, which is practically a sin in that country.
No tequila in Mexico… beer prices skyrocketing in Germany… oh la la, this is getting serious.

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