Considering the price for a box of Corn Flakes was 89 cents in 1984 and can run you up around $4.19 today, this should be considered good news. We wonder if the hysterical warmies thought of this before releasing their latest junk science study?
A new report out Tuesday says climate change might increase the price of Kellogg’s Corn Flakes by 30 percent in the next 15 years.
The Oxfam study draws from the recent slew of reports released by the Obama administration and the United Nations to argue that climate change will hike prices on raw agricultural goods.
Oxfam estimates that changing weather patterns like hurricanes and drought could drive up grain prices, which will hurt the retail price of Kellogg’s Corn Flakes in the U.S. by roughly 30 percent and about 40 percent in the United Kingdom.
The report cites a statement by Kellogg’s to the Carbon Disclosure Project last year in which the company notes the growing risks inflicted by climate change.
Kellogg’s said that could raise prices for both Corn Flakes and Frosted Flakes.
“As a company dependent on a consistent supply of agricultural raw materials, Kellogg is exposed to potential risks associated with changes in weather patterns and their impacts on the growing cycle,” Kellogg’s states. “These issues could have impact on our global supply chain.”
General Mills’s Kix cereal could increase in price by up to 24 percent by 2030, Oxfam says.
The real problem, Oxfam says, isn’t that Frosted Flakes will go up in price. It’s that the same root problem will lead to wider hunger and poverty.
So prices have more than quadrupled over 30 years, but may only go up 30 to 40% in the next 15 years. We can put the money “saved” toward paying for more junk studies like this, perhaps.