Not exact matches
Amy
Price, senior
food and drink analyst at market research firm Mintel, told CNBC via email: «The deterioration in the exchange rate will put upward pressure on
prices of
imported goods, including wine.
Recently, British supermarket chains battled with Unilever after the consumer goods giant asked them to raise
food prices to offset the higher costs of
imported goods.
But
price rises also moderated for other items such as television sets and processed
food, a sign the increase in
import costs from previous yen falls was dissipating.
Higher
prices paid to farmers, combined with lower
imports, may increase grocery and restaurant costs for baked goods and cereals as much as 4 percent next year, the U.S. Department of Agriculture said Tuesday in its first forecast of
food -
price inflation for 2018.
While the sizeable output gap has significantly contributed to this outcome, other factors have also been important: non-oil
import prices have been declining (in line with the exchange rate appreciation), deregulation in the service sector has dampened
prices, and
food prices have been lowered by favourable weather conditions.
For example, tariffs on agricultural
imports during the Great Depression, which were designed to support American farmers, led to higher
food prices at a time when people were struggling financially.
The answer may be that the link between energy inputs and
food prices suddenly makes soaring oil
prices a double - edged sword in the world's largest
food importing region.
The importance of this is that the Chinese can relieve some of the
food price pressure by increasing
imports to offset whatever domestic shortfalls are causing the higher
food costs.
But excluding both fuels and
food,
import prices ticked up 0.1 % last month from January, their first increase since May 2014.
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Here in the UK they seem to stay the same
price and are available all year so I forget we actually have seasons at all with all our
imported food!
Nestle doesn't expect raw material
prices to rise further this year, despite a recent FAO report that forecasts an increase of over 2 per cent in the world
food import bill in 2006.
What should have been presented is decade long trends about: farm and processor bank debt; return on equity; full and part - time employment trends; farm and processor business numbers; domestic versus overseas value adding to commodities; volume and value of
imported ingredients and products; international versus Australian processing costs comparisons for major
foods like meats, flour, oils, milk products; and the farm gate
price share of the consumer dollar for fresh
foods like fruit and vegetables, milk, meats, bread, juice, eggs.
They include: high levels of degraded soils; reductions in irrigation quotas to restore the health of the Murray - Darling system; the re-forestation of some agricultural land to meet emissions reductions targets; the impacts of peak oil, such as the diversion of
food crops into feed - stock for biofuels; and the
price and crop yield implications of peak phosphorous, given Australia's dependence on
imported fertilisers.
Yet this island nation is also heavily dependent on
food imports, and the combination of steep tariffs and rising world
prices could prove difficult for policymakers once the impact is felt by consumers and business owners.
Rising
imports of fuel and
food prices have eaten into real incomes, putting country at risk of volatile global economy
«We recognized that countries that
imported food could be impacted by climate shocks in other parts of the world that suddenly increased
prices, even if they weren't experiencing any significant weather impacts themselves,» Braumoeller said.
As fuel
prices for
imports rise and more and more environmental issues linked to
food production come to light, the level of interest in aquaponics is «increasing astronomically,» Rakocy says.
Higher
imports, which have already been revised upwards on initial damage reports, will further shrink global supplies and support
prices, fuelling new worries over global
food security.
Countries that depend upon
food imports and whose people spend one - third or more of their income on
food are most vulnerable to increased global
food prices, according to an analysis by Japanese investment firm Nomura.
A permanently erratic and harsh monsoon would depress crop yields, increase erosion on farms, and cause a rise in global
food prices as India is forced to
import more
food.
But the issue of global
food security is much broader than the supply of
food — it also refers to the challenges of our dependence on globally
imported food, rising
food prices,
food waste and the provision of a nutritious, balanced diet.
The shortfall meant Syria had to
import large quantities of cereals, the researchers say, causing
food prices to more than double.
«You haven't seen the increased
prices on local
foods, locally produced
foods in the way you have for
imports,» said Ran Goel, who founded the Greater Toronto Area's Fresh City Farms in 2011.
A good money - saving tip here is to try to stick to the local
food, as anything foreign has to be
imported, making it about double the
price of neighboring countries.
Off topic, i have been reading about how world energy
prices are affecting the
food chain... I keep getting the sense that due to the dependency of
imported food as well as population increase, we may be creating an «emergency», with malnutrituion and starvation in the world.
The RUAF network was initiated in response to the needs identified by a group of representatives from 28 international organisations, including UNDP, FAO, IDRC, GTZ and CIRAD, that met in Ottawa (Canada) in 1994 and recognised the need to address the increasing «urbanisation of poverty» and growing urban
food insecurity related to urban - rural migration, lack of formal employment, rising
food prices, growing dependence on
food imports, increasing dominance of supermarkets and fast
food chains, and challenges posed by climate change.
If this huge nation has another large harvest shortfall, it will likely have to
import substantial quantities of grain to maintain
food price stability.
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Food Crunch In 2005 Now Likely» (05/05/04) «World
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Food Front» (12/16/03) «Coal: U.S. Promotes While Canada and Europe Move Beyond» (12/3/03) «World Facing Fourth Consecutive Grain Harvest Shortfall» (9/17/03) «Record Temperatures Shrinking World Grain Harvest» (8/27/03) «China Losing War with Advancing Deserts» (8/4/03) «Wind Power Set to Become World's Leading Energy Source» (6/25/03) «World Creating
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Then from 2010 to 2011, the
price of wheat doubled — fueled by a combination of extreme weather events linked to climate change, oil
price spikes and intensified speculation on
food commodities — impacting on Syrian wheat
imports.
The
food price spikes of 2008 brought new attention to the need for developing countries to reduce their dependence on
imports and invest in their small - scale
food producers.
According to 2012 data from the UN World
Food Program 2012, Senegal is chronically vulnerable to natural disasters (particularly drought and flooding), its agricultural sector has declined over time, it imports about 46 % of its food requirements, its ground water tables is falling 20 feet per years in many places, and it is vulnerable to food price spi
Food Program 2012, Senegal is chronically vulnerable to natural disasters (particularly drought and flooding), its agricultural sector has declined over time, it
imports about 46 % of its
food requirements, its ground water tables is falling 20 feet per years in many places, and it is vulnerable to food price spi
food requirements, its ground water tables is falling 20 feet per years in many places, and it is vulnerable to
food price spi
food price spikes.
As grain - exporting countries restrict or even ban exports to keep domestic
food prices from spiraling out of control,
importing countries are losing confidence in the market's ability to supply their needs.
«High
food prices are of major concern especially for low - income
food deficit countries that may face problems in financing
food imports and for poor households which spend a large share of their income on
food,» Abbassian said.
«The border adjustable tax, which would in effect place a new 20 % tax on
imports while completely eliminating the tax on exports, will force retailers to significantly raise
prices on everyday consumer staples such as
food, medicine, clothing, electronics, and home improvement items.