Farside on Nostr: Head's up on food. Crops of staples like corn, wheat, barley, and rice are all under ...
Head's up on food.
Crops of staples like corn, wheat, barley, and rice are all under severe pressure due to a combination of inclement growing conditions and deliberate destruction (like Ukraine).
Expect a general 20% price increase in food staples across the board, at the raw input level (the actual food). I have no idea what that means for processed foods, but the chances are that increase will be passed on with some kind of additional kick (maybe 5%).
Crops of staples like corn, wheat, barley, and rice are all under severe pressure due to a combination of inclement growing conditions and deliberate destruction (like Ukraine).
Expect a general 20% price increase in food staples across the board, at the raw input level (the actual food). I have no idea what that means for processed foods, but the chances are that increase will be passed on with some kind of additional kick (maybe 5%).