And you thought food prices were high now? A severe drought in China that is affecting its wheat production could have a massive negative impact on the price of food worldwide.
China, the world's most populous nation, has always been self-sufficient as far as food production goes. However, the drought they are experiencing now could force them to look outside of their own nation for a supply of food. If China is forced to buy food on the open market, the price of food worldwide could skyrocket. There is only so much food to go around. If China becomes a bidder then market prices for grain will shoot through the roof. Couple this with the increase in food prices due to shipping costs going up as the price of oil goes up, and we could be looking at major increases in the cost of food at our local supermarket.
We read in Revelation 4 about the Black Horse of the Apocalypse. This horse is representative of food shortages and inflation of food prices. It sure looks like the conditions for such an event are coming into place.
http://www.smh.com.au/business/when-china-goes-hungry-the-world-shakes-20110211-1aqgl.html
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