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News & Articles By Arsenio Toledo
01/18/2023
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By Arsenio Toledo
High prices for potash fertilizer to persist in 2023 as world struggles to ramp up production
A major Brazilian potash producer recently warned that high prices for this variety of fertilizer will likely persist as the world scrambles to ramp up production amid concerns over food insecurity. Brazil Potash CEO Matt Simpson said protectionism, or government policies that restrict the international trade of certain products such as fertilizer, is a big […]
01/12/2023
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By Arsenio Toledo
Study: Fertilizer inflation crisis driven by Ukraine conflict could result in a million more deaths due to hunger
A joint study by Scottish, German and American researchers has found that the rapid inflation in the cost of fertilizers caused by Russia’s special military operation in Ukraine could see an additional one million people dying of hunger-related deaths this year. The study was conducted by researchers from the University of Edinburgh and the University of Aberdeen […]
11/18/2022
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By Arsenio Toledo
Classic Thanksgiving meal now 20% more expensive due to food inflation
Data from the American Farm Bureau Federation (AFBF) shows that the cost to complete a Thanksgiving meal is now 20 percent higher this year than it was last year. According to the AFBF’s annual survey results, the overall average cost of a “classic” Thanksgiving dinner for 10 people is $64.05. This dinner consists of: A 16-pound […]
10/20/2022
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By Arsenio Toledo
Bird flu and food inflation push turkey prices 73% higher than last year
Turkey prices are currently 73 percent higher than they were last year, and might stay that way or get worse as Thanksgiving approaches. The price per pound for an eight- to 16-pound turkey is currently at $1.99, up from $1.15 las year, according to data from the U.S. Department of Agriculture (USDA). This constitutes a 73 […]
10/12/2022
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By Arsenio Toledo
Tomato shortage looms as drought threatens California’s summer crops
Less precipitation in central California and restricted water supplies coming in from the Colorado River to the southernmost parts of the state have withered many summer crops like tomatoes and onions. Tomatoes are some of the hardest hit by this year’s lower-than-average rainfall and reduced water allocations. Drought conditions, coupled with Hurricane Ian ravaging tomato […]
09/21/2022
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By Arsenio Toledo
Food crisis continues: Upcoming US harvest expected to be the most disappointing in years
The United States’ upcoming harvest is expected to be the country’s most disappointing in years, raising fears that America’s food supply will remain tight and food prices will keep increasing. Senior executives at some of America’s largest agribusiness and food processing companies like Bayer, Corteva, Archer Daniels Midland and Bunge warned that worldwide crop supplies […]
09/21/2022
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By Arsenio Toledo
Nitrogen fertilizer prices are expected to rise – and the cost of natural gas is no longer the only factor
The price of nitrogen fertilizer is expected to keep increasing this fall. Analysts have noted that the cost of natural gas, a key component in the production of nitrogen fertilizer, is no longer the only driver of high prices. Nitrogen fertilizer is a necessary ingredient for many farmers in the world for high crop yields. […]
09/20/2022
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By Arsenio Toledo
Brazil, the world’s largest producer of arabica coffee, reports record-low inventory
Brazil, the world’s largest producer of arabica coffee, is reporting record-low inventory – highlighting the worsening condition of global coffee supplies. Coffee inventories in Brazil may dip to just seven million bags weighing 60 kilograms (132 pounds) each by March 2023, according to Silas Brasileiro, president of the National Coffee Council. According to industry experts, a […]
09/16/2022
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By Arsenio Toledo
August food inflation jumped by 11.4%, but experts warn the worst is yet to come
The latest inflation report from the Bureau of Labor Statistics shows that food prices once again rose by 11.4 percent year-over-year, and food inflation is now at its highest point since 1979. The Consumer Price Index report for August showed that prices on all items in the United States rose by 8.3 percent from Aug. 2021 […]
09/13/2022
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By Arsenio Toledo
Food shortage simulation predicts 400% SURGE in food prices by 2030
A 2015 food shortage simulation predicted that food prices could increase by as much as 400 percent from 2020 t0 2030. The simulation, titled the “Food Chain Reaction,” was conducted at the headquarters of the World Wildlife Fund in Washington, D.C. According to a press release from Big Ag company Cargill, the simulation was held over two days and […]
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