<story><title>Food Prices Are Soaring Faster Than Inflation and Incomes</title><url>https://www.bloomberg.com/news/articles/2021-03-01/inflation-2021-malnutrition-and-hunger-fears-rise-as-food-prices-soar-globally</url></story><parent_chain><item><author>DoingIsLearning</author><text>&amp;quot;thanks to a combination of poor weather, increased demand and virus-mangled global supply chains.&amp;quot;&lt;p&gt;Seems like a lost opportunity to create so much anxiety with a long piece like this, to then only have this single line to hint at a reason for the rise.&lt;p&gt;Can anybody more economically minded clarify if this is just post-covid rebound supply chain prices or is this food prices adjusting closer to their &amp;#x27;real&amp;#x27; cost?&lt;p&gt;Also what events do they refer to regarding &amp;#x27;poor weather&amp;#x27;?</text></item></parent_chain><comment><author>baybal2</author><text>Last year we had:&lt;p&gt;1. Biblical scale locust infestation in much of Africa, and Asia&lt;p&gt;2. Floods in East Asia&lt;p&gt;3. Early winter in Russia, Ukraine, and North China&lt;p&gt;4. Failed, and missed sowing of grains in much of above regions&lt;p&gt;5. Shipping disruptions, and resulting food spoilage, and waste&lt;p&gt;6. Granaries busted, and people burning through many months worth of grain, and flour in much of third world due to initial COVID panic&lt;p&gt;7. Financial speculators having the best field run on agriculture in decades&lt;p&gt;8. Anxiety about point 6 repeating runs on food wholesalers again&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.aljazeera.com&amp;#x2F;news&amp;#x2F;2020&amp;#x2F;12&amp;#x2F;10&amp;#x2F;nobel-winner-wfp-warns-of-a-hunger-pandemic-worse-than-virus&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.aljazeera.com&amp;#x2F;news&amp;#x2F;2020&amp;#x2F;12&amp;#x2F;10&amp;#x2F;nobel-winner-wfp-w...&lt;/a&gt;</text></comment>
<story><title>Food Prices Are Soaring Faster Than Inflation and Incomes</title><url>https://www.bloomberg.com/news/articles/2021-03-01/inflation-2021-malnutrition-and-hunger-fears-rise-as-food-prices-soar-globally</url></story><parent_chain><item><author>DoingIsLearning</author><text>&amp;quot;thanks to a combination of poor weather, increased demand and virus-mangled global supply chains.&amp;quot;&lt;p&gt;Seems like a lost opportunity to create so much anxiety with a long piece like this, to then only have this single line to hint at a reason for the rise.&lt;p&gt;Can anybody more economically minded clarify if this is just post-covid rebound supply chain prices or is this food prices adjusting closer to their &amp;#x27;real&amp;#x27; cost?&lt;p&gt;Also what events do they refer to regarding &amp;#x27;poor weather&amp;#x27;?</text></item></parent_chain><comment><author>adflux</author><text>Sure, almost all central banks over the world have printed an astronomical amount of money. Even though they may state there is no significant inflation, I dont buy it and neither do many other economists. Stock prices, house prices and now, at last, commodity prices have gone through the roof... But you&amp;#x27;re probably earning about as much as you were a year ago, or less, if your industry was affected...&lt;p&gt;It&amp;#x27;s not just food. Lumber, Steel and Oil aswell. 
&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.ft.com&amp;#x2F;content&amp;#x2F;6a7c232e-9c63-420c-ac05-40aea84a9504&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.ft.com&amp;#x2F;content&amp;#x2F;6a7c232e-9c63-420c-ac05-40aea84a9...&lt;/a&gt;&lt;p&gt;EDIT: noticed link is paywalled (but not when you access via google) alternative article here: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.reuters.com&amp;#x2F;article&amp;#x2F;us-global-markets-idUSKBN2AM014&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.reuters.com&amp;#x2F;article&amp;#x2F;us-global-markets-idUSKBN2AM...&lt;/a&gt; &amp;quot;World shares slide on inflation fears, commodities surge&amp;quot;</text></comment>