Archive for foodprices SmartBlogs

Global food prices are expected to increase this year after falling a bit in the last three months of 2012, and they could rise sharply if there are new weather-related crop failures, according to the United Nations’ Food and Agriculture Organization, Reuters reported Thursday. In the U.S., food prices are expected to rise between 3% and 4% this year overall, according to the American Farm Bureau Federation and the Agriculture Department, the Argus Leader reported.[…] Continue Reading »

Last summer’s searing drought took a significant toll on corn crops in much of the Midwest. Until recently, farmers expected to make a big comeback with a record U.S. yield this year, but that prospect has dried up in recent weeks. Record-high temperatures and dry skies are burning off hopes for a bumper crop and heating up the possibilities for another poor season, as The New York Times reported.[…] Continue Reading »

Everyone from home cooks to mom-and-pop café operators to chain restaurant companies have to concern themselves with food prices in an economy just beginning to right itself after a prolonged slump. Food prices jumped 3.9% last month, the biggest increase since 1974, and forecasts call for additional increases this year.

Several international restaurant companies have included cautionary notes about the potential impact of higher food prices this month, while remaining largely optimistic about their ability to absorb them.[…] Continue Reading »