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Wednesday July 6 2022

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    Mr Justice Linden: “If it contains excess fat, sugar or salt, that product is adverse to a child's health"

    Kellogg’s loses court case over sugary cereal

    Farmer Andy Pimbley examining ripening strawberries inside a polytunnel at Claremont Farm in Bebington on the Wirral © Colin McPherson/FT

    Labour shortfall leading to ‘catastrophic’ food waste

    The Longview Power Plant, a coal-fired plant, stands on August 21, 2018 in Maidsville, West Virginia. The plant’s single unit generates 700 net megawatts of electricity from run-of-mine coal and natural gas. Spencer Platt | Getty Images

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    Mr Justice Linden: “If it contains excess fat, sugar or salt, that product is adverse to a child's health"

    Kellogg’s loses court case over sugary cereal

    Farmer Andy Pimbley examining ripening strawberries inside a polytunnel at Claremont Farm in Bebington on the Wirral © Colin McPherson/FT

    Labour shortfall leading to ‘catastrophic’ food waste

    The Longview Power Plant, a coal-fired plant, stands on August 21, 2018 in Maidsville, West Virginia. The plant’s single unit generates 700 net megawatts of electricity from run-of-mine coal and natural gas. Spencer Platt | Getty Images

    US Supreme Court limits EPA authority

    “Understanding the emergence of CC398 in European livestock is vitally important for managing the risk it poses to public health”

    Super bug that arose in pigs can jump to humans

    Martin Lines, UK chair for the Nature Friendly Farming Network, says farmers will continue moving away from fertilisers and pesticides

    Fertilisers: going cold turkey in a time of crisis

    European Commission Vice-President Frans Timmermans, European Commissioner for Health and Food Safety Stella Kyriakides, and European Commissioner for the Environment Virginijus Sinkevicius

    EU to halve use of pesticides, heal nature

    trade deals

    WTO strikes global trade deals after ‘roller coaster’ talks

    inflation

    Food inflation is swallowing Latin America’s dietary staples

    Protestors outside UK Parliament with a placard reading, "Keep the protocol, keep the peace."

    New EU legal action over post-Brexit deal changes

    Buyers at Risk Countries in Africa and Asia are among the most reliant on Ukraine grain

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    Mr Justice Linden: “If it contains excess fat, sugar or salt, that product is adverse to a child's health"

    Kellogg’s loses court case over sugary cereal

    Farmer Andy Pimbley examining ripening strawberries inside a polytunnel at Claremont Farm in Bebington on the Wirral © Colin McPherson/FT

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    The Longview Power Plant, a coal-fired plant, stands on August 21, 2018 in Maidsville, West Virginia. The plant’s single unit generates 700 net megawatts of electricity from run-of-mine coal and natural gas. Spencer Platt | Getty Images

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Home Topics Economy

Food inflation is swallowing Latin America’s dietary staples

Cost of items such as potatoes, beef and tortillas are soaring in a particular blow to the region’s poorest

by Alicia Gibson
June 17, 2022
in In the news, Economy, Security
Reading Time: 2 mins read
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inflation

A soup kitchen in Buenos Aires, Argentina. Rising food prices have been a particular burden on the region’s poorest residents © Rodrigo Abd/AP

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The Financial Times reports that throughout Latin America, many of its culinary favourites, like the Argentine asado barbecue are becoming more expensive because of rising inflation.

The war in Ukraine, the Covid-19 pandemic and global supply chain bottlenecks are having a large impact on commodity prices in the region.

Seasonal factors like unfavourable climate changes are also damaging supply chains. The high temperatures are another season for elevated prices, especially for Brazilian vegetables.

Fourteen countries in the region have annual food inflation rates above 10 per cent. With the rising inflation rates, there is a risk that the most disadvantaged people may struggle to afford basic foodstuffs.

Inflation has affected food staples like Columbian potato prices which have risen by three-quarters in 2022. As well, Argentina’s beef cuts rose by 50 per cent this year.

The United Nations reported that hunger in Latin America and Caribbean countries reached its peak at the turn of this century with a 30 per cent increase between 2019-2020. The rising food costs are sparking warnings of a food insecurity crisis in the region.

The issue has become politicised, with inflation rates being on the minds of voters in the Columbian and Brazilian elections. Columbia’s electoral run-off will see this issue being examined between a former guerrilla Gustavo Petro and the millionaire Rodolfo Hernández. Already, Petro has proposed an agricultural revolution which will transform the nation’s industry into “a pantry for the world”.

In the region, some governments have attempted to intervene to ease burdens on those most vulnerable, despite warnings these policies could backfire. In Argentina, their inflation is rapidly rising despite their high taxes on exports and the firm prices/currency controls.

In Mexico, politicians are attempting other measures such as plans to boost the production of national staples like rice, corn and beans. The cost per kg of the Mexican household favourite, tortillas has risen by one-fifth in the past year. However, if this government intervention works a lower price for beans and rice may help those who are most food insecure.

More here…

Further Reading

  • Americans are moving to a region plagued by drought

  • COP26 forest declaration could harm Indigenous Peoples

  • Executive actions tackle the food insecurity of 37 million Americans

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Tags: United NationsThe Financial TimesInflationFood insecurityLatin America
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