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Inflated Food Prices
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Inflated Food Prices: A New Global Threat on the Horizon?

  • Marija Kovachevska
  • June 20, 2021

The grips of the pandemic might have eased up a little, but there’s yet another worrisome global trend on the horizon — a steep rise in food prices!

According to data from the Food and Agriculture Organisation (FAO), Americans spend 27% more on food than they did just five years ago.

Indeed, the Food Price Index recorded a sharp increase over the past year alone, influencing all spheres of life; even food delivery services such as Freshly meal subscription, for instance. 

That said, there are several foods that are affected in particular, namely:

  • bacon
  • beef
  • cheese
  • chicken
  • corn
  • fresh fruit
  • soybeans
  • sugar
  • sunflower oil
  • milk

The root cause of this worrisome trend? The recent food shortage caused by a shift in demand, as well as changing weather conditions. 

More specifically:

  • The recent droughts in South America affected coffee varieties, soybeans, and sugar; in other words, the combined sugar production of Brazil and Thailand is about 15 million tonnes short.
  • China has an increasing demand for soybeans and corn for pig food, which is bad news for all those using them as vegetarian and vegan protein sources.
  • Higher transportation, processing, packaging, and refrigeration costs.
  • The rising demand for so-called “comfort foods”; namely, meats like pork and beef.

Overall, there has been a marked lack of supplies in other sectors in the US as well, including plastics and a lumber shortage too.

As a result, the price rates skyrocketed, for example:

  • Corn prices jumped 90% in the past 12 months
  • Sugar prices rose 20% 
  • The price of bacon increased by 13%, and so on

To make matters worse, all types of diets are affected by this change in prices; no one was spared. In addition, there’s no way of knowing whether this is all the consequence of the COVID-19 crisis or the start of prolonged food inflation caused by changing weather conditions.

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Marija Kovachevska

Marija is a content writer, biochemist, and communications associate for several nonprofit organizations. After earning her bachelor’s, she worked as a scientific writer before engaging in the world of nonprofits—first as an English translator and an activist, and later, as head of communications. In content writing, she finds the perfect stimulus for her curiosity and aptitude for research, as well as a way to deploy her linguistic creativity for the purpose of better understanding.

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