Food inflation is hitting the superfood industry right where it hurts — in the wallet. Thanks to several factors you’ll read about here, prices on hemp seeds, hemp oils, coconut oil and other superfoods are set to skyrocket beginning in just a few days. One of the largest superfood suppliers in the USA, Nutiva, has announced an 11% price increase coming May 27th, and that may be just the beginning of an accelerating trend in steady increases.
In anticipation of this price increase, we’ve taken on a huge inventory of Nutiva’s Certified Organic Hemp Seed and Hemp Oil at the old prices, and we have a generous supply available to NaturalNews readers who want to beat the price increase (see below).
Why hemp and coconut oil prices are heading into the stratosphere
In a letter sent to us by Nutiva, founder John Roulac explains that the price of coconut oil has doubled in the last six months. While coconut oil suppliers are able to absorb some of this cost in the short term, they cannot do so on a permanent basis. This means that the prices consumers pay for coconut oil are headed sharply higher.
Impacting hemp seeds and hemp oil, the price of crude oil (up 30% or more over the last few months) adds to the cost of transporting these foods. Remember, thanks to the completely idiotic and utterly anti-American stance of the DEA, President Obama and most of the U.S. Congress, it is illegal to grow hemp seeds in America, meaning all hemp seeds sold as nutritional foods in the USA must be imported from other countries. This policy is not only destroying opportunities for U.S. farmers; it also results in the wasteful expenditure of fossil fuels to transport hemp products to the USA from other countries.
(Seriously, you have to wonder just how much Washington is really trying to destroy America these days with its continued ban on the growing of hemp oils, hemp seeds and hemp fibers. This is not a question of whether hemp products are good for America — we already know without question that they are, which is why so many hemp products are imported. This is a question of why the economic morons in Washington have declared war on U.S. farmers and continue to criminalize the growing of a superfood crop with a huge number of industrial and textile applications…)
The fall of the dollar means a rise in the price of imported goods
The third factor sharply increasing the cost of imported hemp products is the plummeting value of the U.S. dollar versus the Canadian dollar. Much of the hemp imported into the United States is grown in Canada (where it’s legal, see? So Canadian farmers reap the financial rewards while U.S. farmers face bankruptcy…), and as the U.S. dollar loses purchasing power, it’s going to make the domestic cost of imported items increasingly expensive.
For those who enjoy following what’s really going on behind the scenes with international currencies, the truth is that the United States is constantly trying to weaken the dollar in order to bolster U.S. exports to other countries. A weaker dollar makes our goods cheaper for foreign buyers. But when combined with the utterly insane domestic policy of the prohibition of hemp farming, it becomes a shell game circus that only ends up hurting American farmers and consumers.
The day our elected leaders actually demonstrate an intelligent grasp of the laws of international trade and economics is the day I gobble down an ear of GMO corn on live television…
Food scarcity is causing food inflation
All around the world, radical weather patterns and the day-by-day losses of topsoils are causing record crop losses. Areas that used to be rainforest have been clear-cut to grow soybeans, and now many of those areas have become deserts due to ecological destruction.