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
Meat-eaters paying the most as food inflation soars
Soaring food prices are affecting grocery shoppers all over America. Among those, the hardest hit are meat-eaters, who are bearing the brunt of the surge in prices. According to a Morning Consult survey of about 2,200 U.S. adults, one in three Americans say that they’re spending more on groceries than they were at the start of 2021. … Continue reading Meat-eaters paying the most as food inflation soars
Coronavirus shutdowns causing food prices to soar
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
Rabobank says “biblical” surge in food prices soon to come
The United States Department of Agriculture (USDA) says the United States is on track to maintain its current stocks of food based on an expectation of maximum acreage planted and healthy yields. However, Rabobank writers Michael Every and Michael Magdovitz disagree, warning that a crisis of “biblical” proportions could be on the way. Food and feed prices have increased … Continue reading Rabobank says “biblical” surge in food prices soon to come
Coffee prices soaring due to “systemic” coronavirus supply chain disruptions
Global supply chains are breaking down due to the government’s endless Wuhan coronavirus (Covid-19) restrictions, and the latest consumer commodity casualty is coffee. According to reports, a longstanding imbalance of shipping containers around the world is spiking transportation costs for coffee, which could end up spiking the cost of coffee for end consumers. Coffee processors of … Continue reading Coffee prices soaring due to “systemic” coronavirus supply chain disruptions
Meat prices rise as food inflation worsens, pushing many Americans to a tipping point of food shortages
The coronavirus pandemic has severely tested global supply chains like no other event in recent world history, resulting in large shocks to both demand and supply. And it’s only about to get worse. According to a report from Bloomberg, hog, cattle and poultry raisers are struggling amidst the highest prices of corn and soybean that they have seen … Continue reading Meat prices rise as food inflation worsens, pushing many Americans to a tipping point of food shortages
Dr. Eddy Bettermann MD 