Strangely, it’s not everywhere, worldwide but with exceptions. Where I’m at, prices are slightly more than last year. Maybe 1/3 of items are up 5%. No shortages whatsoever. Meats, baby formula, it’s normal. Eggs are the only real indication, I think cost to produce eggs world wide is fairly similar based on world grain prices. Commodity eggs went from 3.25 for a flat of 30 to $4.
Strangely, it’s not everywhere, worldwide but with exceptions. Where I’m at, prices are slightly more than last year. Maybe 1/3 of items are up 5%. No shortages whatsoever. Meats, baby formula, it’s normal. Eggs are the only real indication, I think cost to produce eggs world wide is fairly similar based on world grain prices. Commodity eggs went from 3.25 for a flat of 30 to $4.
Your comment reminded me of this: China is working toward farming GM crops which will increase thier yields and leave countries supplying China with excess capacity. That implies that there will be excess food where I am, and not a shortage. Currently no shortages here, but rampant inflation.
Your comment reminded me of this: China is working toward farming GM crops which will increase thier yields and leave countries supplying China with excess capacity. That implies that there will be excess food where I am, and not a shortage.
Currently no shortages here, but rampant inflation.
https://www.moneyweb.co.za/news/south-africa/china-to-adopt-genetically-modified-maize-and-soy-why-it-matters-for-south-africa/#:~:text=Currently%2C%20China%20imports%20genetically%20modified,oilseeds%20in%20the%20coming%20years.
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