An article in Blooberg below reminding us about potential food prices hike due to pandemic. The economy has to recover soon. Otherwise the vulnerable groups will be severely impacted.
Food Prices Are Soaring Faster Than Inflation and Incomes
As the Covid-19 pandemic wreaks havoc on economic growth, concerns about hunger and malnutrition are rising around the world.
An Excerpt:
"With these pressures building, Russia and Argentina have put price curbs on certain staples and slapped tariffs on exports in an attempt to contain domestic food prices.
In some richer countries, governments are focusing more on self-sufficiency than price controls. France is planning to boost its output of high-protein crops to cut reliance on soybean imports, while Singapore recently became the first country to approve sales of lab-created meat as it pushes to boost its domestic food capacity."
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