January 29, 2020

Commodity – Food Cost Issues Continue to Percolate

Categories: EU /Food Aid /Food Prices

Associated Press writer Katherine Corcoran reported on Thursday that, “If you’re seeing your grocery bill go up, you’re not alone.

“From subsistence farmers eating rice in Ecuador to gourmets feasting on escargot in France, consumers worldwide face rising food prices in what analysts call a perfect storm of conditions.

“Freak weather is a factor. But so are dramatic changes in the global economy, including higher oil prices, lower food reserves and growing consumer demand in China and India.”