Quote:

As for increasing food prices, there just isn't enough food in food to make much of a difference. A $4.29 box of cornflakes contains about 10 cents worth of corn, so a 20% increase in corn prices would drive the price up to a whole $4.31.



I love that quote - is it literally true? Corn flakes are probably a bad example though, what about something that uses a bunch of high fructose corn syrup for sweetening.