Food Prices: Short Whole Foods (MFMI)
Posted April 24, 2008
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Baltimore — (TFN): Demand for fuel crops and changing diets in China have pushed up food prices worldwide. As food riots threaten Haiti and Egypt, U.S. consumers are scaling back on prosperity foods. Health food retailers like Whole Foods Markets (WMFI) have already lost 50% of their valuation since October… and are set for another 50% drop.
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