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Soaring food prices are affecting grocery shoppers all over America. Among those, the hardest hit are meat-eaters, who are bearing the brunt of the surge in prices.
Article by Franz Walker from Natural News.
According to a Morning Consult survey of about 2,200 U.S. adults, one in three Americans say that they’re spending more on groceries than they were at the start of 2021. In particular, red meat was the ingredient most cited for its higher prices, followed by chicken.
Soaring commodity costs, as well as costlier transportation and a more challenging labor market, have driven food inflation in recent months. In addition, rising demand for meat, from home cooks as well as the booming fast-food industry, has also buoyed prices. (Related: Food prices will climb in 2021 as inflation accelerates.)
“We’ve got these pockets of inflation without having corresponding wage growth, and that’s going to put consumers in a really tough spot,” said Morning Consult economist John Leer in an interview with Bloomberg.
As a result of the rising prices, about a quarter of American shoppers say that they’ve started buying fewer food items overall during the Wuhan coronavirus pandemic, according to the survey. This includes buying less meat.
In addition, rising grocery bills also appear to impact shoppers of color disproportionately. More than 40 percent of Black and Hispanic respondents reported higher grocery costs since the start of the year. White Americans, on the other hand, mostly reported no change in spending.
According to Leer, this is likely because minority communities have been hit harder by the pandemic. This means that those shoppers are more likely to swap restaurant spending for more economical grocery shopping. This results in higher grocery bills but lower overall food costs.
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Food inflation here to stay
The rising prices of raw materials have broad repercussions for households and businesses, threatening a world economy trying to recover from the damage of the pandemic. The increased prices help fuel food inflation, which is bringing more pain to families already struggling with financial pressure from the loss of jobs and income.
Meanwhile, for central banks, an increase in prices at a time of weak growth creates an unwelcome policy choice and could limit their ability to loosen policy.
“There seems to be sort of a bullish force behind the prices internationally,” said Abdolreza Abbassian, senior economist at the United Nations’ Food and Agriculture Organization. “The indications are that there is very little reason to believe prices would remain at these levels. It’s more likely they will rise further. Hardship is still ahead.”
Particularly vulnerable are emerging markets – already under pressure from weaker currencies – due to the fact that food costs make up a larger share of their spending.
“The relentless rise in prices acts as a misery multiplier, driving millions deeper into hunger and desperation,” said Chris Nikoi, the World Food Programme’s regional director for West Africa, noting that it’s “pushing a basic meal beyond the reach of millions of poor families who were already struggling to get by.”
The latest round of crop spikes followed months of price gains fueled by booming import demand from China. The price of corn has doubled in the past year, while soybeans are up about 80 percent and wheat 30 percent. China’s continuing purchases, alongside a spate of adverse weather conditions threatening crops in the U.S. and Brazil, mean that there are few signs of respite.
The impact on grocery shelves can already be seen in the surging meat prices in the U.S and Brazil, as well as in the rising prices of tortillas in Mexico and retail palm oil in Myanmar.
“Generally people see this inflation continuing,” said Tosin Jack, an analyst who works at Mintec, a company that monitors commodity prices. “The trend will continue for some time and it will translate into consumer goods.”
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Food inflation is worrying governments
Global food costs have surged for 10 months straight, according to a UN food gauge. This is the longest rally in more than a decade. This surge is stirring memories of 2008 and 2011, when spikes in food prices led to riots in more than 30 nations across Africa, Asia and the Middle East. This, in turn, is making governments across the globe nervous.
Russia, one of the world’s biggest exporters of grain, has ordered a freeze on some retail food prices while taking steps to curb shipments. Bolivia, on the other hand, has temporarily banned beef exports to safeguard supplies at home and put a cap on prices.
Even in wealthier nations, where food represents a smaller percentage of overall consumer spending, changes to some bills could be coming. For example, in Europe, the time lag between rising commodity prices and higher shelf prices is typically six months, according to OC&C Strategy Consultants. Manufacturers and retailers often use various techniques to soften the blow for consumers. These include cutting the depth of promotions or reducing the size of products while keeping prices unchanged.
But these techniques may not work for much longer.
“Once the big commodities, like wheat, sugar, bulk oils, start rising in price for a sustained period of time manufacturers have little choice but to pass those higher costs on,” said OC&C’s Will Hayllar.
For more on the rising prices of food, follow FoodSupply.news.
‘The Purge’ by Big Tech targets conservatives, including us
Just when we thought the Covid-19 lockdowns were ending and our ability to stay afloat was improving, censorship reared its ugly head.
For the last few months, NOQ Report, Conservative Playbook, and the American Conservative Movement have appealed to our readers for assistance in staying afloat through Covid-19 lockdowns. The downturn in the economy has limited our ability to generate proper ad revenue just as our traffic was skyrocketing. We had our first sustained stretch of three months with over a million visitors in November, December, and January, but February saw a dip.
It wasn’t just the shortened month. We expected that. We also expected the continuation of dropping traffic from “woke” Big Tech companies like Google, Facebook, and Twitter, but it has actually been much worse than anticipated. Our Twitter account was banned. Both of our YouTube accounts were banned. Facebook “fact-checks” everything we post. Spotify canceled us. Medium canceled us. Apple canceled us. Why? Because we believe in the truth prevailing, and that means we will continue to discuss “taboo” topics.
The 2020 presidential election was stolen. You can’t say that on Big Tech platforms without risking cancellation, but we’d rather get cancelled for telling the truth rather than staying around to repeat mainstream media’s lies. They have been covering it up since before the election and they’ve convinced the vast majority of conservative news outlets that they will be harmed if they continue to discuss voter fraud. We refuse to back down. The truth is the truth.
The lies associated with Covid-19 are only slightly more prevalent than the suppression of valid scientific information that runs counter to the prescribed narrative. We should be allowed to ask questions about the vaccines, for example, as there is ample evidence for concern. One does not have to be an “anti-vaxxer” in order to want answers about vaccines that are still considered experimental and that have a track record in a short period of time of having side-effects, including death. One of our stories about the Johnson & Johnson “vaccine” causing blood clots was “fact-checked” and removed one day before the government hit the brakes on it. These questions and news items are not allowed on Big Tech which is just another reason we are getting canceled.
There are more topics that they refuse to allow. In turn, we refuse to stop discussing them. This is why we desperately need your help. The best way NOQ, CP, and ACM readers can help is to donate. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal as well. We are pacing to be short by about $3700 per month in order to maintain operations.
The second way to help is to become a partner. We’ve strongly considered seeking angel investors in the past but because we were paying the bills, it didn’t seem necessary. Now, we’re struggling to pay the bills. We had 5,657,724 sessions on our website from November, 2020, through February, 2021. Our intention is to elevate that to higher levels this year by focusing on a strategy that relies on free speech rather than being beholden to progressive Big Tech companies.
During that four-month stretch, Twitter and Facebook accounted for about 20% of our traffic. We are actively working on operating as if that traffic is zero, replacing it with platforms that operate more freely such as Gab, Parler, and others. While we were never as dependent on Big Tech as most conservative sites, we’d like to be completely free from them. That doesn’t mean we will block them, but we refuse to be beholden to companies that absolutely despise us simply because of our political ideology.
We’re heading in the right direction and we believe we’re ready talk to patriotic investors who want to not only “get in on the action” but more importantly who want to help America hear the truth. Interested investors should contact me directly with the contact button above.
As the world spirals towards radical progressivism, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report going.
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They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We just launched a GiveSendGo page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!