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    Supermarket food could soon carry eco-labels, says study

    The “Inflation Reduction Act” marks a new chapter for America’s climate policy. Pic: PA

    New US act encourages low-carbon purchases

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    Ukraine grain tycoon killed in Russian shelling

    General Assembly Meets on Peacebuilding and Human Rights. Photo by UN

    UN right to a healthy environment “is ammunition for campaigners”

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    New US act encourages low-carbon purchases

    Economist chart: Sources: UN Comtrade; UN joint coordination centre; Ukrainian

    Nine cargo ships have left Ukraine

    Smog is so bad in Delhi at times that the government has closed elementary schools. Sajjad Hussain/AFP via Getty Images

    The UN just declared a universal human right to a healthy, sustainable environment

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    Oleksiy Vadatursky was worth $450m (£369m), according to a 2020 estimate by Forbes

    Ukraine grain tycoon killed in Russian shelling

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    UN right to a healthy environment “is ammunition for campaigners”

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    Ukraine war: Grain exports could restart ‘within days’

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    In northern Tanzania, the government is trying to evict thousands of Maasai

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    Indigenous communities are raising awareness about how the proposed lithium mine at Peehee Mu'huh (Thacker Pass), NV, will impact their ancestral burial grounds, water resources, and wildlife. Photo by Chanda Callao/ @Peopleofredmountain.

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    The UN just declared a universal human right to a healthy, sustainable environment

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    Oleksiy Vadatursky was worth $450m (£369m), according to a 2020 estimate by Forbes

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Priciest food since 70s challenges governments

From handouts to trade rules, politicians are looking for ways to neuter the effect of surging costs

by Jack Groves
September 16, 2021
in In the news, Policy, Rights
Reading Time: 1 min read
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Bloomberg reports that governments across the world know that rising food costs can come with a political price. The dilemma is whether they can do enough to prevent having to pay it. Priciest Food Since 70s

Global food prices were up 33 per cent in August from a year earlier with vegetable oil, grains and meat on the rise, data from the United Nations Food and Agriculture Organization show. Priciest Food Since 70s

And it’s not likely to get better as extreme weather, soaring freight and fertilizer costs, shipping bottlenecks and labor shortages compound the problem. Dwindling foreign currency reserves are also hampering the ability of some nations to import food.

From Europe to Turkey and India, politicians are now handing out more aid, ordering sellers to cut prices and tinkering with trade rules to mitigate the impact on consumers.

The issue is more acute in emerging markets where the cost of food accounts for a greater chunk of household spending, and in crisis-hit nations. In Lebanon, militant group Hezbollah has tightened its grip on the country by distributing food. But even the U.S. is taking action to address affordability made more urgent during the coronavirus pandemic.

“Governments can intervene and commit to supporting lower consumer prices for a while,” said Cullen Hendrix, non-resident senior fellow at the Peterson Institute for International Economics, a Washington-based think tank. “But they can’t do it indefinitely.”

More here…

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Jack Groves

Jack Groves

Jack Groves is a founding contributor to Quota. He views food systems as fundamental to business success and human progress. He is endlessly curious about the people in food systems, their skills and culture. Contact JackGroves@quota.media with news and views.

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