December meant tomatoes, and Almon asked the kitchen managers to order salsa, not realizing it was already part of the commodities stockpile.
Chinese commodity stockpiling and infrastructure spending, despite slowing from the recent highs, will benefit countries like Australia, Indonesia, Vietnam and India.
Gold, copper and oil all gained on Wednesday despite lingering fears from analysts that commodity stockpiling by China could be at an end.
Commodity stockpiles may be reduced or disbanded.
The Chinese strategy has been to build up commodity stockpiles, buy natural resource producing companies, accumulate precious metals, and push for bonds that are denominated in a basket of currencies.
Actually, it is more than three times larger; if we calculate "military-related" spending for the US, I come to a total -- including additional spending for the wars, nuclear weapons, defense commodity stockpiles, homeland security, veterans' care, military and economic aid and some other military related accounts -- over $800 billion.
Determining the percentage of each commodity being stockpiled is difficult, especially in China, where scant data are released.
Exporters have more orders than they can fill — although imports have been rising even faster as Chinese companies have stockpiled commodities as a hedge against inflation.
He said the proposal would allow governments to pump up food prices by buying commodities for their stockpiles, a policy that would lead to national surpluses later being dumped on world markets and hurting the interests of nonsubsidized farmers elsewhere.
