Heinz has reportedly increased food prices for more than half of its products in the USA, the company’s home market, and confirmed that higher global food prices are here to stay.
Consumers will have to get used to increasing food prices, as pandemic-shaken economies and the global energy crunch have placed a burden on the world’s food producers.
The warning comes shortly after the UN Food and Agriculture Organization reported that the cost of ingredients, including cereals and oils, has pushed global food prices to a 10-year high.
Due to inflation production of raw materials across the world, ranging from crops to vegetable oils, saw a dramatic decline as the Covid-19 pandemic limited both output and delivery due to the rise of infections and measures to control the virus’ spread.
The industry, and other companies will try to minimize these price increases, and there is a lot to come in technology to improve the effectiveness of farmers that would help in the longer term?
RT. com / ABC Flash Point News 2021.
Of course it is people like you that manipulate food prices to keep the profits rolling in by buying all the food the farmer grows then telling them to burn it or let it rot thus creating a food shortage to maintain your profits!
Eat less, eat better quality. Save money. Avoid fast food and restaurants.
They make more money at the expense of the rest of the world?
MADBOVINEUK , SIR or MADAM , YOU ARE SO VERY CORRECT I LOVE YOUR INTELLEGENCE . Yes I shouted it out loud , this Yank has always loved the people of the UK shouted it out . Our Democrats running America’s Government has got the LongShoremans Unions and the Teamsters Unions (trucking , warehousemens ) NOT TO UNLOAD THE CONTAINER SHIPS on America”s Coasts so DELIBERATE SHORTAGES ARE CREATED . PERISHABLES along with every import needed to build anything to keep America Supplied has come to a screaching halt as DEMOCRAT COMMUNIST, MARXIST NOW RUNNING AMERICA ARE OUT TO DELIBERATELY… Read more »
Even 75 million cows are killed and dumped worldwide to keep the prices up?
Have you ever seen a corporation reduce it’s profit margins? I have never even heard of one doing such a thing. The shareholders would have a cardiac arrest if a corporation did that, so they keep the supply in trickle mode (just enough).
Stealing people’s money and blaming it on the shareholders profits?