Broker Check

Why Food Prices are Rising

Rising Food Prices by chris@kilmerco.com

References

Food Price Spike

  • https://www.worldbank.org/en/topic/agriculture/brief/food-security-update

Money Printing

  • https://fred.stlouisfed.org/series/M2SL
  • https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/

Ukraine War

  • https://www.wired.com/story/the-war-in-ukraine-is-threatening-the-breadbasket-of-europe/
  • https://www.npr.org/2022/09/28/1125525861/how-the-war-in-ukraine-is-affecting-the-worlds-supply-of-fertilizer
  • https://www.iea.org/articles/energy-fact-sheet-why-does-russian-oil-and-gas-matter
  • https://www.msn.com/en-au/money/other/wheat-prices-spike-after-russia-bombs-odesa-grain-port-in-ukraine-threatens-to-attack-ships/ar-AA1e6xZg
  • https://www.youtube.com/watch?v=57cnrGJFHVY
  • https://youtu.be/aOHZJKiyNXU

Chinese Stockpiling

  • https://www.bloomberg.com/opinion/articles/2022-01-05/one-reason-for-rising-food-prices-chinese-hoarding?leadSource=uverify%20wall
  • https://asia.nikkei.com/Spotlight/Datawatch/China-hoards-over-half-the-world-s-grain-pushing-up-global-prices

Low Oil Supply

  • https://energypost.eu/eus-latest-sanctions-on-russian-oil-what-are-they-and-will-it-work/
  • https://www.msn.com/en-us/news/world/were-russia-s-nord-stream-gas-pipelines-to-europe-sabotaged/ar-AA12lE43
  • http://www.okenergytoday.com/2022/03/crude-hit-all-time-high-of-139-on-monday/
  • https://www.newsweek.com/diesel-supplies-will-barely-make-through-winter-prices-skyrocket-1759229
  • https://www.bloomberg.com/news/articles/2023-08-23/opec-cuts-resurgent-oil-demand-drive-already-low-oil-stockpiles-even-lower#xj4y7vzkg

Avian Flu Outbreak

  • https://www.cdc.gov/flu/avianflu/avian-flu-summary.htm
  • https://www.statista.com/topics/6263/poultry-industry-in-the-united-states/
  • https://www.wattagnet.com/articles/46236-avian-flu-outbreaks-in-europe-reach-2-000-this-year
  • https://www.ecdc.europa.eu/en/news-events/2021-2022-data-show-largest-avian-flu-epidemic-europe-ever
  • https://www.wral.com/egg-prices-soar-as-farmers-battle-inflation-avian-flu/20568800/
  • https://youtu.be/3FH2Lm2L35k
  • https://www.bbc.com/news/world-us-canada-63785067

Global Drought

  • https://www.weforum.org/agenda/2022/08/drought-water-climate-un/
  • https://www.bbc.com/news/62751110
  • https://www.theguardian.com/weather/2023/mar/04/very-precarious-europe-faces-growing-water-crisis-as-winter-drought-worsens
  • https://www.reuters.com/article/usa-cattle-herd-idUSL1N34G2JD
  • https://www.msn.com/en-gb/cars/news/no-rain-in-spain-blamed-for-olive-oil-drought/ar-AA1aen4N
  • https://www.foodbusinessnews.net/articles/23666-drought-may-leave-flour-prices-elevated-into-2024
  • https://finance.yahoo.com/news/china-frigid-weather-sparks-concern-005322410.html
  • https://www.beefmagazine.com/beef/us-beef-cattle-inventory-lowest-1962
  • https://www.cjonline.com/story/business/agricultural/2023/05/21/kansas-wheat-farmers-brace-for-worst-wheat-crop-in-60-years/70229159007/
  • https://www.bbc.com/news/av/world-asia-62696037
  • https://news.yahoo.com/drought-affecting-panama-canal-threatens-152314234.html
  • https://www.reuters.com/world/americas/flow-goods-through-panama-canal-hits-record-2021-10-29/
  • https://www.msn.com/en-us/travel/other/huge-backlog-of-200-ships-are-stuck-trying-to-enter-the-panama-canal-as-they-wait-weeks-amid-slowed-traffic-due-to-drought-delays-set-to-wipe-200m-off-profits-and-cause-spike-in-us-grocery-and-parcel-prices/ar-AA1fxT4R
  • https://www.msn.com/en-us/news/us/drought-affecting-panama-canal-threatens-40-of-worlds-cargo-ship-traffic/ar-AA1fFY9g

Urbanization

  • https://finance.yahoo.com/news/us-lost-1-9-million-165146521.html

Fires & Heat Waves

  • https://www.npr.org/2022/06/16/1105482394/cattle-kansas-heat-wave
  • https://youtu.be/GVCU6QAu_HU
  • https://youtu.be/5tbtKBgok9I
  • https://www.elpasotimes.com/picture-gallery/news/local/el-paso/2022/02/15/el-paso-fire-photos-building-paisano-downtown-segundo-barrio/6797160001/
  • https://www.wnep.com/article/news/local/lackawanna-county/fire-erupts-at-meat-processing-facility-in-lackawanna-county/523-c08b77a3-8a64-4d4b-aed8-45de6e71352b
  • https://www.wsbtv.com/news/local/fire-severely-damages-beloved-cobb-county-meat-company/YNSFFX2OPNAVTLHDDK6EVRMLGQ/
  • https://www.reuters.com/business/jbs-plans-reopen-nebraska-beef-plant-damaged-fire-2021-09-13/
  • https://abc7news.com/taylor-farms-fire-salinas-evacuation-shelter-in-place-california-ammonia-explosion-risk/11747214/
  • https://www.conwaydailysun.com/news/local/fire-destroys-east-conway-butcher-shop/article_15a841e2-ba7a-11ec-8ea1-670070a1129b.html
  • https://www.foodmanufacturing.com/safety/news/22131565/fire-shutters-arkansas-nestle-frozen-foods-plant
  • https://www.wkow.com/townnews/work/wisconsin-river-meats-open-for-business-after-a-near-total-loss/article_271e30cc-86e9-11ec-ac5a-47a3a7ef5207.html
  • https://fox2now.com/video/deli-star-corp-plans-to-rebuild-after-fire-destroys-st-clair-county-meat-plant/6190481/
  • https://www.kwqc.com/2021/04/30/crews-respond-to-fire-at-smithfield-foods-in-monmouth-thursday/
  • https://www.opb.org/article/2022/02/23/explosion-causes-fire-at-oregon-potato-chip-plant/
  • https://www.ktsa.com/fire-causes-over-100000-in-damages-at-san-antonio-food-processing-plant/
  • https://www.cbsnews.com/boston/news/potato-plant-fire-belfast-maine-penobscot-mccrum/
  • https://globalnews.ca/news/8495136/fire-industrial-building-hamilton-mountain/
  • https://www.reuters.com/business/energy/louis-dreyfus-reports-fire-largest-us-soy-processing-plant-2022-02-16/
  • https://www.localmemphis.com/article/news/3-alarm-fire-at-kellogg-plant/522-bbef6075-cb6b-4ff9-af59-70fe264749bd
  • https://lafarmbureaunews.com/news/2022/1/13/fire-breaks-out-at-lecompte-area-feed-mill
  • https://news.yahoo.com/china-shatters-time-high-temperature-122101034.html
  • https://www.msn.com/en-us/weather/topstories/record-setting-heat-wave-is-set-to-expand-affecting-more-than-200-million-americans/vi-AA1egOFK?cvid=90def20cbdf44ee48a2b5359b64c0360&ocid=socialshare&ei=12
  • https://www.youtube.com/watch?v=K6v0grTd7qE&feature=youtu.be
  • https://www.msn.com/en-us/weather/topstories/like-a-hot-tub-water-temperatures-off-florida-soar-over-100-degrees-stunning-experts/ar-AA1el7oc?cvid=545fbac214304472a14bf0157e6ca7b7&ocid=winp2fptaskbar&ei=4
  • https://www.cnn.com/2023/08/28/business-india/india-rice-ban-export-farmers-loss-intl-hnk-dst/index.html
  • https://www.msn.com/en-us/money/companies/india-to-ban-sugar-exports-in-addition-to-rice-as-corn-soybeans-and-more-crops-falter-in-extreme-heat-and-drought/ar-AA1fFUaY
  • https://www.cnn.com/2023/08/07/china/china-northeast-flooding-food-security-intl-hnk/index.html
  • https://www.democracynow.org/2023/8/25/headlines/record_heat_waves_put_2023_on_track_to_become_hottest_year_in_human_history

Nations Cut Food Exports

  • https://www.cnn.com/2023/07/20/business-food/india-rice-ban-hnk-intl/index.html
  • https://www.cbc.ca/news/canada/saskatoon/indian-export-ban-on-non-basmati-rice-triggers-panic-buying-1.6916542
  • https://www.moneycontrol.com/news/business/commodities/global-rice-shortage-in-2023-to-be-largest-in-20-years-11002991.html
  • https://www.thehindubusinessline.com/economy/agri-business/after-indias-ban-on-white-rice-exports-thailand-and-vietnam-hike-prices/article67106546.ece

Less Food in 2023

  • https://www.beefmagazine.com/beef/us-beef-cattle-inventory-lowest-1962
  • https://www.cjonline.com/story/business/agricultural/2023/05/21/kansas-wheat-farmers-brace-for-worst-wheat-crop-in-60-years/70229159007/
  • https://wtop.com/national/2023/07/georgia-the-peach-state-is-out-of-peaches-heres-why-and-how-locals-are-coping/

The Food Crisis is Growing

  • https://youtu.be/40pKfa8uxjE



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