“The price of breakfast: soaring costs bolster fears of global food inflation
The prices of raw materials that go into morning staples have surged since the start of the pandemic
The cost of raw materials that go into making breakfast staples have roared higher since the pandemic began — raising fears that a broad commodity boom could push up global food prices for consumers. Prices for bulk contracts of coffee, milk, sugar, wheat, oats and orange juice have jumped 28 per cent on average from 2019 levels, according to trading on US futures markets, where companies lock in supplies or hedge their exposure to commodities costs. For meat-eaters, adding pork to that list pushes the average price rise to 32 per cent.”
https://www.ft.com/content/007bd0a0-...c-ec5b0ef4374d
DOOMed, Officially!
The prices of raw materials that go into morning staples have surged since the start of the pandemic
The cost of raw materials that go into making breakfast staples have roared higher since the pandemic began — raising fears that a broad commodity boom could push up global food prices for consumers. Prices for bulk contracts of coffee, milk, sugar, wheat, oats and orange juice have jumped 28 per cent on average from 2019 levels, according to trading on US futures markets, where companies lock in supplies or hedge their exposure to commodities costs. For meat-eaters, adding pork to that list pushes the average price rise to 32 per cent.”
https://www.ft.com/content/007bd0a0-...c-ec5b0ef4374d
DOOMed, Officially!
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