What’s behind the spike in meals costs?

Video Duration 25 minutes 00 seconds

From: Inside Story

Food costs rose sharply in 2021, reaching highest stage in a decade, based on the United Nations.

As many nations pushed to reopen their economies final 12 months after months of lockdowns and tightly managed borders, economists started to warn of a brand new looming disaster: the rising value of meals.

The UN meals company says costs jumped 28 % throughout the 12 months, reaching their highest stage since 2011.

In December, they eased barely, however earlier than that had been climbing for 4 months in a row.

The surge is being blamed on quite a few components, together with provide chain bottlenecks and elevated prices for uncooked supplies and power.

What will it take to convey costs down?

Presenter: Kim Vinnell

Guests:

Jane Battersby – Senior lecturer within the Department of Environmental and Geographical Science at University of Cape Town

Abdolreza Abbassian – Senior economist on the United Nations Food and Agriculture Organization

Dipa Sinha – Professor of economics at Ambedkar University Delhi

Source

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