China has had a bountiful grain harvest this year, according to reports from Beijing, but data from various official sources show that grain imports have reached a new high, and China’s grain reserves are now greater than 50 percent of global grain reserves. If that’s accurate, some experts predict that China’s practice of stockpiling grains…
China’s Hoarding of Food Grains Is Contributing to Rising Global Food Prices, Experts Say
Biden Meets Major Retailers to Discuss Supply Chain During Holidays
November 30, 2021
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President Joe Biden met with CEOs of major U.S. retailers in a Cyber Monday roundtable to discuss the supply chain crisis amid rising prices and growing concern that products may not be available during the holiday season. “The business leaders gathered here today represent a broad swath of American shopping,” Biden said in his opening…
Americans Pay More for Meat as Tyson Foods Escalates Prices
November 16, 2021
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Business & EconomyCompanieseconomyfood inflationhigher food pricesinflationMeat processingTyson FoodsUSUS News
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Tyson Foods Inc., the largest meat company by sales in the United States, has reported a jump in revenue after increasing prices for its products, citing supply chain issues, soaring costs, and 30-year-high inflation. Based in Springdale, Arkansas, Tyson company executives said that chicken prices went up by 19 percent during the fiscal fourth quarter,…
The Bitter Taste of Food Inflation
Commentary The prices of everything from cars to groceries to gas have inflated due to overheated demand and supply shocks. While there is a widespread concern about inflation, soaring food prices are perhaps the most worrisome for many, including the Biden administration. Beef and pork especially have taken a wild ride in the past few months. The…
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