Tag: food inflation

China’s Hoarding of Food Grains Is Contributing to Rising Global Food Prices, Experts Say

December 30, 2021
ChinaChinese Regimefood crisisfood inflation
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China has had a bountiful grain harvest this year, according to reports from Beijing, but data from various official sources show that grain imports have reached a new high, and China’s grain reserves are now greater than 50 percent of global grain reserves. If that’s accurate, some experts predict that China’s practice of stockpiling grains…

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Biden Meets Major Retailers to Discuss Supply Chain During Holidays

November 30, 2021
Business & EconomyBusinesses in COVID-19CompanieseconomyExecutive Branchfood inflationinflationPoliticssupply chain disruptionThanksgiving mealUSUS News
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President Joe Biden met with CEOs of major U.S. retailers in a Cyber Monday roundtable to discuss the supply chain crisis amid rising prices and growing concern that products may not be available during the holiday season. “The business leaders gathered here today represent a broad swath of American shopping,” Biden said in his opening…

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Americans Pay More for Meat as Tyson Foods Escalates Prices

November 16, 2021
Business & EconomyCompanieseconomyfood inflationhigher food pricesinflationMeat processingTyson FoodsUSUS News
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Tyson Foods Inc., the largest meat company by sales in the United States, has reported a jump in revenue after increasing prices for its products, citing supply chain issues, soaring costs, and 30-year-high inflation. Based in Springdale, Arkansas, Tyson company executives said that chicken prices went up by 19 percent during the fiscal fourth quarter,…

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The Bitter Taste of Food Inflation

October 7, 2021
beefBusiness & EconomyBusiness Columnistsfood inflationMeat processing
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Commentary The prices of everything from cars to groceries to gas have inflated due to overheated demand and supply shocks. While there is a widespread concern about inflation, soaring food prices are perhaps the most worrisome for many, including the Biden administration. Beef and pork especially have taken a wild ride in the past few months. The…

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