business-agriculture4.12 min read
"Egg Prices Near Historic Highs as Inflation, Bird Flu, and Weather Impact Easter Traditions"
1 year ago•Source: The Associated Press
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1.11 min•1 year ago
"Cocoa Crisis: Prices Surge, Supply Dwindles, and Easter Treats Cost More"
Cocoa prices have surged past $9,000 a ton for the first time ever due to a supply shortage in the market, with futures climbing about 50% in March and more than doubling this year. Poor harvests in West African cocoa-growing regions, caused by bad weather and crop disease, have led to the industry being in a bind, which will likely result in higher chocolate costs throughout the year.
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"Green Fuel Boom Expected to Lower US Chicken Prices"
The emerging renewable fuel industry is expected to lower meat prices in the US by reducing the cost of animal feed, particularly soymeal, which is a byproduct of soybean processing. This will lead to increased meat production and ultimately result in lower prices at the grocery store, providing relief to inflation-fatigued households. However, it may take months or even years for these cost savings to reach consumers, and other factors such as corn availability, labor, logistical disruptions, and consumer demand also influence meat prices. Meatpackers are expected to benefit from lower input costs, and the surplus meat produced may be exported.