As business closings multiply, redeploying food from restaurants to supermarket consumers has required changes along the supply chain.…
Why Might Salsa Prices Soar?
During the 1970s we did not eat many limes, maybe less than 1/2 a pound each year, and most were from Florida. Now our consumption has tripled and the lime has gone global. Faced with cheap Mexican li…
Barbecue Inflation (A Hot Topic?)
Shopping for your Memorial Day barbecue, you will pay close to 29% more than a year ago. According to the New York Post, not only is a gallon of gas up 44% in the NY area, but also, lettuce will cost …
Happy Rice Farmers
With a typical Egyptian household spending 38.3% of its budget on food in 2008, you can see why soaring food prices could fuel turmoil. But what about the other side? For Senegal farmer and trader, Nd…
The Economic Response to Riots
When the rioting starts, where does economic activity stop? In Egypt, gas and food were immediately affected. One owner of an Alexandria Mobil Station said he had not gotten a gas delivery for 2 days.…
Doomster or Boomster?
Agree or disagree? “Both the jayhawk and the man eat chickens, but the more jayhawks, the fewer chickens, while the more men, the more chickens.” The quote is from 19th century economist H…