food prices

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Why the Price of Ice Cream, Mayonnaise Could Jump

Liquid egg shortage due to bird flu will affect dozens of food items

(Newser) - The worst outbreak of bird flu in US history is leaving farmers with huge piles of dead chickens and turkeys to get rid of—and leaving consumers with less money in their pockets. It's not just cartons of eggs that have gone up in price with the deaths of... More »

If Sushi Prices Go Up, Blame Calif. Drought

State's specialty rice crop down 25% over lack of water

(Newser) - Extreme drought conditions in California have caused residents to face government fines , paint their lawns , and stress about their beloved giant sequoias . Now the whole country might be joining in the state's water woes: Production of the special rice used in sushi, grown mainly in California, is set to... More »

New Luxury Item: Butter?

Price hits all-time high amid surge in demand

(Newser) - Will American shoppers soon be saying, "I can't believe I can't afford butter?" Butter prices hit a record high on the Chicago Mercantile Exchange this week, and with the levels of the stuff in storage down 42% over this time last year, "Americans are about to... More »

Where's the (Cheap) Beef? US Prices Soar

Cattle population at 1951 levels

(Newser) - Another downside of weird weather: Beef prices have hit a record high. "All-fresh" USDA choice-grade beef had a retail value of $5.28 a pound in February; the year before, it was $4.28. A few years before that, in 2008, it was just $3.97. At about 87.... More »

Pig Virus May Send Bacon Prices Soaring

'PED' expected to raise cost of pork in coming months

(Newser) - Bacon lovers, be warned. A fast-spreading pig virus could send pork prices to record highs in the US, reports the Wall Street Journal . The PED virus, short for porcine epidemic diarrhea virus, has hit farms in 22 states so far. It's lethal only to young pigs, not humans, but... More »

Dinner Costs a Little Less This Thanksgiving

Turkey and all the trimmings runs $49.04, 44 cents less than last year

(Newser) - Thanksgiving dinner will cost you a little less this year—44 cents less to be exact—according to a 34-state survey from the American Farm Bureau Federation, picked up by Business Insider . A 10-person feast with turkey and all the trimmings—including stuffing, sweet potatoes, rolls, veggies, cranberries, and pumpkin... More »

Supermarkets Cut Prices— Just for You

Marketers gather heaps of data on individuals, tailor coupons to them

(Newser) - The food shopping of the future could look a lot more like buying airline tickets: You might not be paying the same price as the person next to you. That's because Safeway and Kroger—and likely soon other supermarkets—are tailoring personal prices based on your purchase history, reports... More »

Food Prices Could Jump 4% in 2013

And losses could hit $12B

(Newser) - For the average consumer, the effects of this year's brutal drought are still months away, but they are coming, as many food prices next year are expected to jump by as much as 4%, reports Reuters . Already corn and soy prices are going up , which is expected to lead... More »

Record Corn Harvest Could Sink Food Prices

Agriculture officials predict a bumper crop this year

(Newser) - Consumers could see some relief from higher food prices by late fall, if the latest government crop forecast holds up. The US Agriculture Department predicted today that corn production will total 14.8 billion bushels, with a record yield of 166 bushels per acre. That compares with 12.4 billion... More »

World's Most Expensive City Is ... Luanda?

Civil war has led to staggering prices in Angola's capital

(Newser) - If you thought the most expensive city in the world was someplace like London or New York, wait until you get a load of the prices in Luanda, Angola. A house will set you back $10,000 a month, a hotel room $400 a night, and an SUV rental $200... More »

Thanksgiving Dinner: Now 13% More Expensive!

Hosting 10? Get ready to pay $49.20

(Newser) - This Thanksgiving, stuffing yourself requires you empty your wallet a little bit more. The tab for feeding turkey and all the fixings to a group of 10 has surged 13% to $49.20, the American Farm Bureau Federation finds. Last year, it was $43.37. The AFBF included everything from... More »

Study: Healthy Eating Is Privilege of the Rich

New guidelines mean higher grocery bills

(Newser) - A healthy diet is expensive and could make it difficult for Americans to meet new US nutritional guidelines, according to a study published today. A 2010 food pyramid update told Americans to eat more foods containing potassium, dietary fiber, vitamin D, and calcium, but if they did that, they would... More »

Horn of Africa Close to Famine

An estimated 12M people in jeopardy

(Newser) - A lack of rain and rising world prices have left an estimated 12 million people in Ethiopia, Kenya, and Somalia in dire need of food, the Telegraph reports. The reality is especially difficult to ignore in Dadaab, a city in northern Kenya experiencing its second-lowest rainfall in 60 years. Dadaab... More »

Pope Chides Greedy Speculators on Food Prices

Profit-hungry markets have ignored human rights, he says

(Newser) - Pope Benedict XVI denounced speculation in commodities markets today and demanded a global response to high food prices based on solidarity, not profit. Benedict told delegates of the UN Food and Agriculture Organization that access to food is a basic human right that must be guaranteed. He said it's... More »

Facebook Protest Forces Price Cut on Cottage Cheese

More than 100,000 joined protest in Israel

(Newser) - A high-profile Facebook protest has scored a victory for consumers in Israel: Their threats of a boycott have forced dairy manufacturers to lower the price of cottage cheese by some 25%. The two-week campaign drew more than 105,000 people to join a Facebook group vowing to boycott the Israeli... More »

Global Warming Withers World's Food Supply

Crop damage by bad weather already hurting food production

(Newser) - The Green Revolution that saw farm production soar after the 1940s has come to an end, and with population pressures now surging ahead of food production and increasing damage caused by global warming, humanity is in danger of major new food shortages, reports the New York Times in a lengthy... More »

Food Prices Will Double by 2030: Oxfam

Climate change, biofuels partially to blame

(Newser) - The cost of food staples is set to more than double over the next two decades, Oxfam says, as we enter a “permanent food crisis." World hunger had steadily decreased for decades, the Guardian reports, but with demand exceeding production, the numbers of hungry people are once again... More »

Farmland: The Next Bubble?

Robert Shiller shares a hunch

(Newser) - If you’re trying to spot the next big bubble that will roil markets, economist Robert Shiller has a dark horse candidate: Farmland. Sure, farm bubbles are pretty rare—there was only one in the 20th century—but prices for farmland have been booming in the US and UK, Shiller... More »

In Bolivia, a Quinoa Quandary

Popularity means more money for farmers, but people can't afford it

(Newser) - Quinoa is a food so remarkable it's been praised by NASA scientists—and Americans and Europeans have taken note, gobbling up the protein-heavy Andean plant (generally miscategorized as a grain), which sells for as much as $5 a box. But with quinoa's ascent comes a troubling predicament for the Bolivians... More »

US Food Prices See Biggest Rise in 36 Years

Rough winter accounts for much of 3.9% increase

(Newser) - Americans are noticing higher prices at the grocery store, and it's about to get worse. Food prices at the wholesale level rose last month by the most in 36 years. Cold weather accounted for most of it, forcing stores and restaurants to pay more for green peppers, lettuce, and other... More »

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