- FALaholic #
- Sep 3, 2015
20 Foods That Will Double In Price This Summer
BLACK BLADE: While some food prices have come back to earth (i.e. eggs from $26/5 doz. to $6/5 doz, Other foods have increased and some will increase further. Meats and grains (wheat, rise, oats, corn, etc.) are still rising. Cooking oil prices are under pressure with the war in Ukraine limiting seed oil supplies, the SE Asia restrictions on palm oil exports, the olive tree blight in the Med, etc. cooking oil prices are expected to rise much higher. Not much being discussed but sugar production has fallen sharply and as a result sugar prices will rise again.If you're fed up with soaring grocery prices, unfortunately, we bring some more bad news. Thousands of grocery staples will cost you 50% more than they did last summer, and some of them are likely to face even steeper increases due to a myriad of issues impacting food production. From drought to snow to storms and massive floods, extreme weather has battered the U.S. in recent years, and shoppers likely will feel the lingering effects at the grocery store over the next few months. Good weather, especially in the spring when planting season starts, is crucial to growing a bountiful crop of fruits, nuts, and vegetables. But the extreme swings this year have left many growers behind schedule, which means we are no longer talking about temporary food inflation, but a new normal where prices are more expensive, and do not return to historical averages.