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?
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/
So where are the predicted foot shortages?