food prices

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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...

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...

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...

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...

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...

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...

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...

Robert Shiller: Farmland Bubble Could Be Next
 Farmland: The 
 Next Bubble? 
Analysis

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...

In Bolivia, a Quinoa Quandary
 In Bolivia, a Quinoa Quandary 

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...

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...

Food Prices Climb to Record High

February sees eighth straight month of increase

(Newser) - World food prices climbed for the eighth straight month in February, hitting a record high, the UN’s Food and Agriculture Organization announced today. The organization’s price index climbed 2.2%, to an average of 236 points, according to the Wall Street Journal , the highest level since records began...

Ten Countries With Fastest Rising Food Prices

Droughts make matters worse in Brazil, Kyrgyzstan, elsewhere

(Newser) - Between June and December 2010, 44 million people across the world were pushed into poverty by rising food prices. The price of many agricultural commodities increased by more than 25%, and for many countries that rely heavily on grains such as wheat for sustenance, prices may not go back down...

Wary of Unrest, Countries Hoard Food Staples

...which in turn makes prices rise even more

(Newser) - With food prices on the rise, developing countries are stockpiling staples like wheat and rice in an attempt to stave off social unrest and panic buying—driving prices yet higher. Wheat hit a two-and-a-half-year high yesterday, after Algeria bought 800,000 tons of it and Saudi Arabia announced it was...

Davos Brimming With Optimism for 'New Reality'

But rising food prices, political uncertainty are cause for concern

(Newser) - The Davos World Economic Forum is an optimistic place this year—the theme is “Shared Norms for the New Reality,” meaning the post-financial-crisis reality. In a poll, 48% of the assembled CEOs said they were “very confident” of growth in the next 12 months, according to the...

UN Relief Can't Keep Up With World's Hunger

World Food Program is short nearly $3 billion

(Newser) - The UN's food aid agency has only about half the money it needs to feed the world's hungry as rises in food prices take their toll, the AP reports. The World Food Program is $2.8 billion short of what it needs, says director Josette Sheera, and the shortfall is...

Bacon Prices Sizzling, With No End in Sight

A pound is up to a record $4.77

(Newser) - October retail bacon prices were up 33% over last year's figures and increased for the fifth month in a row. A pound is now $4.77—the highest monthly average, unadjusted for inflation, since records started being kept in 1980, reports Pork magazine. And pork isn't the only meat commodity...

Glenn Beck's Advice: Sell Your Stuff!

Prices are rising, and you should be prepared, he warns

(Newser) - Now that Glenn Beck has convinced you to buy gold , he has a new directive: Sell all your stuff. Prices are going up, he said last night, and a study shows that the average American has $25,000 worth of things they're not using, Mediaite reports. So sell it, and...

Inflation Begins Creeping Into Food Prices

Chains, retailers struggling with how much consumers can take

(Newser) - Despite low overall inflation, the price of basic foods is rising, presenting food companies with a dilemma: do they let rising costs erode profits, or raise prices while demand remains weak? Milk, beef, coffee, and sugar have all seen price spikes, driven by growing demand in China, India, and developing...

You'll Be Paying More for Bread Soon

Blame parched Russia, which is stopping wheat exports

(Newser) - Russia today said it would ban wheat exports for the rest of the year amid a brutal drought, sending prices for the grain soaring to their highest level in two years. The upshot is that US shoppers will likely have to pay a bit more for bread, cereal, or pasta...

$8 for Dozen Eggs? Why It's a Good Deal

Food is too artificially cheap, argues Michael Pollan

(Newser) - Foodie reformer Michael Pollan continues his "pay more, eat less" crusade in an interview with the Wall Street Journal , arguing that $8 for a dozen eggs should be standard fare. It sounds absurd, "but when you think that you can make a delicious meal from two eggs, that'...

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