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What happened to the food shortages?

posted 2 years ago by TooMuchFun 2 years ago by TooMuchFun +10 / -5

Remember earlier this year when many people were convinced that people would start starving soon because a couple of food processing facilities were damaged and there was a scare about baby formula?

The topic seems to be dead. Has anyone starved or experienced any shortages lately?

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– vpnsurfer 0 points 208 days ago +1 / -1

By late 2023 food shortages, rationing, end user food price inflation of 50-200% is reality even in some rich OECD countries. The best insulated are those, who are least dependent on imported crops, imported fertilizer and imported fuels and had a good 2022 crop yield with good storage levels.

TWO

MORE

MONTHS

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– factdigger 1 point 208 days ago +1 / -0

US crop prices : + 90% in 2022:

https://www.ers.usda.gov/webdocs/Charts/58355/food-prices_fig04_450px.png?v=2300.4

OECD G7 consumer food price inflation since 2021 +15 - +32% :

https://economistwritingeveryday.com/wp-content/uploads/2024/02/image-21.png

US Egg price inflation 2021-2022: +60%

https://cdn.statcdn.com/Infographic/images/normal/29177.jpeg

Worldwide Coffee price inflation:

https://econlife.com/wp-content/uploads/2022/06/Global_inflation_tracker__see_how_your_country_compares_on_rising_prices___Financial_Times.jpg

White Rice price inflation 2021-2023 : +50% https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iPrj6Xpo5.YM/v2/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/-1x-1.png

US Wheat price inflation 2021-2022: +40%

https://fred.stlouisfed.org/series/WPU02120301

India imposes rice export ban, 7/2023

https://www.reuters.com/markets/commodities/india-prohibits-export-non-basmati-white-rice-notice-2023-07-20/

no rationing in rich OECD countries.

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– vpnsurfer 0 points 208 days ago +1 / -1

So where are the predicted foot shortages?

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