Unpredictable weather, consumer demand cause olive oil, vanilla prices to soar
According to Bloomberg, erratic weather in Spain and Italy is causing shortages in the global olive oil markets, and it is expected to get worse. IFT Daily News
Tag: Prices
World commodity food prices fall in 2016 for fifth straight year
The Food and Agriculture Organization (FAO) of the United Nations has reported that world commodity food prices fell for a fifth straight year in 2016, averaging about 1.5% below 2015 … Continue Reading →
Eliminating GM crops may raise food prices, harm environment
A study published in the Journal of Environmental Protection shows that a global ban on genetically modified (GM) crops may raise food prices and add the equivalent of nearly a … Continue Reading →
Canadians face high food prices yet continue to throw it out
Almost 15% of surveyed Canadians think there is no stigma attached to wasting food, yet 30% report having difficulty affording food for themselves and their families, according to the Canadian … Continue Reading →
U.S. food prices down 8% compared to fall 2015
Lower retail prices for several foods, including eggs, whole milk, cheddar cheese, chicken breast, sirloin tip roast, and ground chuck resulted in a decrease in the American Farm Bureau Federation’s … Continue Reading →
Higher food prices disproportionately affect low-income households
According to the U.S. Dept. of Agriculture’s Economic Research Service’s “Food Price Outlook,” over the past 25 years U.S. households in the lowest income quintile (the poorest 20% of households) … Continue Reading →
What’s behind the high vanilla prices?
According to Bloomberg, the price of vanilla beans has tripled in the past year after Madagascar suffered from a poor harvest. IFT Daily News
Banning GMOs may harm environment, raise food prices
A study conducted by Purdue University researchers shows that if the United States bans genetically modified organisms (GMOs), it may result in higher food prices, a boost in greenhouse gas … Continue Reading →
The Lempert Report: Retailers agree to post prices on web (video)
Various retailers, including Walmart, Costco, Walgreens, CVS, Drugstore.com and FreshDirect have agreed to show unit pricing information on their website and mobile shopping apps. read more Supermarket News
Beef prices catch attention
Between high corn prices, growing international demand and the drought, the beef industry hasn’t been able to grow the herd for many years and has long been expecting supplies to … Continue Reading →