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“ So, for example, just as an interesting thought for you, there are 350 million people in India who are classified as middle class. That’s bigger than America. Their middle class is larger than our entire population. And when you start getting wealth, you start demanding better nutrition and better food, and so demand is high, and that causes the price to go up
Rising food prices: After Rice, Bush blames India - ExpressIndia.Com Dear G.W. Bush, you need to open a basic book in Economics and learn the Law of Demand and Supply and the Foreign Exchange Parity Relations. Please keep your mouth shut, henceforth. An increase in demand increases the price, but also leads to an increase in the quantity. At the long term equilibrium level, parity will be restored. However, I don’t see how this is directly related to the rising prices of grains in the US. Perhaps you need to keep a rosy view of the American economy and that’s the reason that you’re inventing your own theories.