Dmitry Medvedev, a senior Russian security official who previously served as the nation’s president, is warning that Russia might limit its vital food exports exclusively to countries that it considers “friendly.” As it faces continued aggression from the West in the form of sanctions, Russia is responding with a reminder to NATO that it produces many things that … Continue reading NO SOUP FOR YOU! Russia will only export food and fertilizer to “friendly” countries
Food prices are surging in grocery stores and restaurants, hitting small businesses very hard. “They haven’t gone up. They’ve almost doubled,” said Nick Rando, owner of an Italian restaurant in Natick, Massachusetts. Rando said that in January, red meat and steak cost him $7.35 a pound. “Last week, it was $13.20 a pound.” People in Massachusetts have … Continue reading Surging food prices force restaurants to increase cost of menu items
In recent months, tens of millions of Americans have noticed another fallout from the seemingly never-ending COVID-19 pandemic: Higher prices for the goods they purchase most often, including food. Now for the really bad news: Things aren’t likely to improve anytime soon and in fact are probably going to get worse. That is especially true for … Continue reading Food prices skyrocketing on soaring agriculture futures as prices for lumber, gas and other commodities climb amid lingering pandemic
A handful of the world’s most important commodities – these include corn, wheat, soybeans, and vegetable oils – are skyrocketing in price, thanks to the economic shutdowns imposed in response to the Wuhan coronavirus (Covid-19). This week’s Bloomberg Agriculture Spot Index, which tracks key farm products, shows a nine-year record surge in price for these commodities. … Continue reading Coronavirus shutdowns causing food prices to soar
While it’s true that in today’s modern world most people practice good hygiene, sometimes, in emergencies, we find that we have to make do with what we have. Or don’t have. Like when, say, there is an outbreak of a new virus we haven’t seen before and haven’t quite figured out, and it causes production … Continue reading Coronavirus blues: If people are panicking over toilet paper, what will they do when the FOOD runs out?