Egg prices returning to normal and lower energy prices will get inflation back below 2.0%. The last 2.8 CPI reading is with data that is 2-4 weeks old. Actual inflation is already far closer to 2.0. Dropping egg prices from 200% of normal to normal and lower energy prices already working through the economy should …
The Bureau of Labor and Statistics reported that the consumer price index (CPI) for both all-items and core increased 0.2% in February, slightly below expectations. On an annual basis, headline inflation was at 2.8%, while core was at 3.1%. Both also were 0.1 percentage point below the Wall Street consensus and the previous month’s levels. …
There are critical commodities and energy prices that impact global agriculture and grocery prices. It impacts other countries more but it still costs the average american household too. It hits the crops that use the most fertilizer and use the most natural gas. The most important are wheat and corn. You may think well I …
Russia and Ukraine punched above their weight in the fertilizer market, especially for nitrogen and potash, because of their resource advantages and production scale. Russia was the world’s top exporter of nitrogen fertilizers (like urea and ammonia), holding about 16% of global urea exports and 23% of ammonia exports before 2022 disruptions. Together with Belarus, …
Researchers at ETH Zurich have teamed up with the food industry to produce a whole-fruit variety of chocolate. * ETH researchers have developed a type of chocolate that is more sustainable and nutritious than conventional varieties. * Cocoa-fruit chocolate uses cocoa fruit jelly as a replacement for powdered sugar, reducing the sugar content and increasing …
What if the fictional Dr. Frankenstein was real? What if Dr. Frankenstein was a food science chemist? What would he make? Wonder no longer. Doritos has made Nacho cheese flavored alcohol. Doritos unveiled a collaboration with global flavor innovator Empirical: Empirical x Doritos® Nacho Cheese Spirit. This limited-release offers a multi-sensorial, savory nacho cheese-imbued beverage …
High-tech plant-based 3D printed meat is the ‘gamechanger’ we’ve been waiting for. After a run of good press and some bold predictions, the ‘alt-meat’ naysayers have begun an inevitable backlash. The Financial Times in January this year asked, “Has the Appetite for Plant-Based Meat Already Peaked?” The answer to that question – despite industry setbacks …
Dr. Eli David and others have noted that UN food program gets over $8 billion per year to reduce world hunger. UN director said that $6B could save 42 million, not end world hunger. The UN director, David Beasley, asked for $6 billion from Elon Musk to save 42 million people. the World Food Program …
A pig or chicken spends its life-consuming feed concentrates while most beef is raised on grass to a weight of 750 pounds prior to entering the feedyard. The average slaughter weight of a steer is 1,300 pounds, so only the last 550 pounds of beef is produced from grain. Thus, beef only uses 2.5 pounds …
China will build 2 Million hectares (20 billion square meters) of controlled environment greenhouses by 2025 and this will produce half of their vegetables and crop needs. Temperature, humidity, lighting would all be under controlled conditions. It would not matter if there were new extreme temperature swings outside or if there was drought. The needed …
There are various doomers who say because of climate change farming and food production will collapse by 2060 but they ignore that greenhouses are built in the desert. UN Food and Agriculture Organization study from 2015, under a high-emission climate scenario, harvest reductions by 2100 of between -20 and -45 percent are expected for maize …