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Economy

“Food crisis grows as spiraling prices spark export bans”

March 9, 2022

“…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…

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Economy

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

March 7, 2022

“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…

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Economy

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

March 7, 2022

“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…

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Economy

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

January 21, 2022

“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…

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Business, Economy

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

January 11, 2022

“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…

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Economy

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

November 29, 2021

“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…

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Economy

“US food banks struggle to feed hungry amid surging prices”

November 10, 2021

“U.S. food banks already dealing with increased demand from families sidelined by the pandemic now face a new challenge — surging food prices and supply chain issues walloping the nation. The higher costs and limited availability mean some families may… Continue Reading…

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Economy

“Global Food Prices Set To Soar As The Oil And Gas Crunch Continues”

October 28, 2021

“The potential for a knock-on effect of rising fuel prices to be felt by other industries is becoming more likely, as oil and gas prices continue to rise to an all-time high, companies are finding it hard to maintain their… Continue Reading…

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Economy

“A record 4.3 million workers quit their jobs in August, led by food and retail industries”

October 14, 2021

“Quits hit a new series high going back to December 2000, as 4.3 million workers left their jobs. The quits rate rose to 2.9%, an increase of 242,000 from the previous month, which saw a rate of 2.7%, according to… Continue Reading…

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Economy

“Food is getting more expensive in the U.S…”

September 10, 2021

“…Even though beef prices have been rising, farmers and ranchers have been making less money, the White House said. Climate change, labor issues, transportation concerns and other supply chain disruptions have been contributing to the rising costs over the past several… Continue Reading…

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