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Economy

“Soaring Prices Are Changing the Way People Eat”

“In India, roadside restaurateurs are halving their palm oil use and moving into steamed snacks. Bakers in Ivory Coast want to cut the size of their standard baguette. Sandwiches from U.S. fast-food stalls are headed for fewer slices of bacon,… Continue Reading…

Economy

“570K chickens to be destroyed in Nebraska fight against bird flu”

“The Nebraska Department of Agriculture (NDA) announced on Tuesday that it has confirmed a case of the highly contagious bird flu in a commercial flock of 570,000 broiler chickens and that the birds will be “humanely depopulated and disposed of.” NDA, in conjunction with… Continue Reading…

Economy

“War has brought the world to the brink of a food crisis”

“…Record high natural gas prices have forced the company he runs, fertilizer producer Yara International, to curtail its production of ammonia and urea in Europe to 45% of capacity. With less of those two essential agricultural ingredients, he expects knock-on effects… Continue Reading…

Economy

“Inflation rose 7.9% in February, as food and energy costs push prices to highest in more than 40 years”

“…The consumer price index, which measures a wide-ranging basket of goods and services, increased 7.9% over the past 12 months, a fresh 40-year high for the closely followed gauge, according to the Labor Department’s Bureau of Labor Statistics… Food prices rose… Continue Reading…

Economy

“Food crisis grows as spiraling prices spark export bans”

“…The conflict in Ukraine is threatening global grain production, the supply of edible oils and fertiliser exports, sending basic commodity prices rocketing and mirroring the crisis in energy markets… Palm oil prices have risen by more than 50% this year….… Continue Reading…

Economy

“Food prices jump 20.7% yr/yr to hit record high in Feb, U.N. agency says”

“World food prices hit a record high in February, led by a surge in vegetable oils and dairy products, to post a 20.7% increase year-on-year, the U.N. food agency said on Friday…FAO said its vegetable oils index rose 8.5% month-on-month… Continue Reading…

Economy

“Russian war in world’s ‘breadbasket’ threatens food supply”

“The Russian tanks and missiles besieging Ukraine also are threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region — known as the “breadbasket of the world.”…”… Continue Reading…

Economy

“‘Farms Are Failing’ as Fertilizer Prices Drive Up Cost of Food”

“From South America’s avocado, corn and coffee farms to Southeast Asia’s plantations of coconuts and oil palms, high fertilizer prices are weighing on farmers across the developing world, making it much costlier to cultivate and forcing many to cut back… Continue Reading…

Business, Economy

“Domino’s Pizza forecasts soaring food costs in 2022, reiterates long-term sales outlook”

“Domino’s Pizza said it expects higher food prices to persist this year, putting pressure on the chain to cope with rising costs without alienating consumers. “We expect unprecedented increases in our food basket costs versus 2021,” CEO Ritch Allison told attendees… Continue Reading…

Economy

“Food, gas prices pinch families as inflation surges globally”

“From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fueled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide. Rising inflation is leading to price… Continue Reading…