food prices

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Dinner Costs a Little Less This Thanksgiving

Turkey and all the trimmings runs $49.04, 44 cents less than last year

(Newser) - Thanksgiving dinner will cost you a little less this year—44 cents less to be exact—according to a 34-state survey from the American Farm Bureau Federation, picked up by Business Insider . A 10-person feast with turkey and all the trimmings—including stuffing, sweet potatoes, rolls, veggies, cranberries, and pumpkin...

Supermarkets Cut Prices— Just for You

Marketers gather heaps of data on individuals, tailor coupons to them

(Newser) - The food shopping of the future could look a lot more like buying airline tickets: You might not be paying the same price as the person next to you. That's because Safeway and Kroger—and likely soon other supermarkets—are tailoring personal prices based on your purchase history, reports...

Food Prices Could Jump 4% in 2013

And losses could hit $12B

(Newser) - For the average consumer, the effects of this year's brutal drought are still months away, but they are coming, as many food prices next year are expected to jump by as much as 4%, reports Reuters . Already corn and soy prices are going up , which is expected to lead...

Record Corn Harvest Could Sink Food Prices

Agriculture officials predict a bumper crop this year

(Newser) - Consumers could see some relief from higher food prices by late fall, if the latest government crop forecast holds up. The US Agriculture Department predicted today that corn production will total 14.8 billion bushels, with a record yield of 166 bushels per acre. That compares with 12.4 billion...

World's Most Expensive City Is ... Luanda?

Civil war has led to staggering prices in Angola's capital

(Newser) - If you thought the most expensive city in the world was someplace like London or New York, wait until you get a load of the prices in Luanda, Angola. A house will set you back $10,000 a month, a hotel room $400 a night, and an SUV rental $200...

Thanksgiving Dinner: Now 13% More Expensive!

Hosting 10? Get ready to pay $49.20

(Newser) - This Thanksgiving, stuffing yourself requires you empty your wallet a little bit more. The tab for feeding turkey and all the fixings to a group of 10 has surged 13% to $49.20, the American Farm Bureau Federation finds. Last year, it was $43.37. The AFBF included everything from...

Study: Healthy Eating Is Privilege of the Rich

New guidelines mean higher grocery bills

(Newser) - A healthy diet is expensive and could make it difficult for Americans to meet new US nutritional guidelines, according to a study published today. A 2010 food pyramid update told Americans to eat more foods containing potassium, dietary fiber, vitamin D, and calcium, but if they did that, they would...

Horn of Africa Close to Famine

An estimated 12M people in jeopardy

(Newser) - A lack of rain and rising world prices have left an estimated 12 million people in Ethiopia, Kenya, and Somalia in dire need of food, the Telegraph reports. The reality is especially difficult to ignore in Dadaab, a city in northern Kenya experiencing its second-lowest rainfall in 60 years. Dadaab...

Pope Chides Greedy Speculators on Food Prices

Profit-hungry markets have ignored human rights, he says

(Newser) - Pope Benedict XVI denounced speculation in commodities markets today and demanded a global response to high food prices based on solidarity, not profit. Benedict told delegates of the UN Food and Agriculture Organization that access to food is a basic human right that must be guaranteed. He said it's...

Facebook Protest Forces Price Cut on Cottage Cheese

More than 100,000 joined protest in Israel

(Newser) - A high-profile Facebook protest has scored a victory for consumers in Israel: Their threats of a boycott have forced dairy manufacturers to lower the price of cottage cheese by some 25%. The two-week campaign drew more than 105,000 people to join a Facebook group vowing to boycott the Israeli...

Global Warming Withers World's Food Supply

Crop damage by bad weather already hurting food production

(Newser) - The Green Revolution that saw farm production soar after the 1940s has come to an end, and with population pressures now surging ahead of food production and increasing damage caused by global warming, humanity is in danger of major new food shortages, reports the New York Times in a lengthy...

Food Prices Will Double by 2030: Oxfam

Climate change, biofuels partially to blame

(Newser) - The cost of food staples is set to more than double over the next two decades, Oxfam says, as we enter a “permanent food crisis." World hunger had steadily decreased for decades, the Guardian reports, but with demand exceeding production, the numbers of hungry people are once again...

Robert Shiller: Farmland Bubble Could Be Next
 Farmland: The 
 Next Bubble? 

Farmland: The Next Bubble?

Robert Shiller shares a hunch

(Newser) - If you’re trying to spot the next big bubble that will roil markets, economist Robert Shiller has a dark horse candidate: Farmland. Sure, farm bubbles are pretty rare—there was only one in the 20th century—but prices for farmland have been booming in the US and UK, Shiller...

In Bolivia, a Quinoa Quandary
 In Bolivia, a Quinoa Quandary 

In Bolivia, a Quinoa Quandary

Popularity means more money for farmers, but people can't afford it

(Newser) - Quinoa is a food so remarkable it's been praised by NASA scientists—and Americans and Europeans have taken note, gobbling up the protein-heavy Andean plant (generally miscategorized as a grain), which sells for as much as $5 a box. But with quinoa's ascent comes a troubling predicament for the Bolivians...

US Food Prices See Biggest Rise in 36 Years

Rough winter accounts for much of 3.9% increase

(Newser) - Americans are noticing higher prices at the grocery store, and it's about to get worse. Food prices at the wholesale level rose last month by the most in 36 years. Cold weather accounted for most of it, forcing stores and restaurants to pay more for green peppers, lettuce, and other...

Food Prices Climb to Record High

February sees eighth straight month of increase

(Newser) - World food prices climbed for the eighth straight month in February, hitting a record high, the UN’s Food and Agriculture Organization announced today. The organization’s price index climbed 2.2%, to an average of 236 points, according to the Wall Street Journal , the highest level since records began...

Ten Countries With Fastest Rising Food Prices

Droughts make matters worse in Brazil, Kyrgyzstan, elsewhere

(Newser) - Between June and December 2010, 44 million people across the world were pushed into poverty by rising food prices. The price of many agricultural commodities increased by more than 25%, and for many countries that rely heavily on grains such as wheat for sustenance, prices may not go back down...

Wary of Unrest, Countries Hoard Food Staples

...which in turn makes prices rise even more

(Newser) - With food prices on the rise, developing countries are stockpiling staples like wheat and rice in an attempt to stave off social unrest and panic buying—driving prices yet higher. Wheat hit a two-and-a-half-year high yesterday, after Algeria bought 800,000 tons of it and Saudi Arabia announced it was...

Davos Brimming With Optimism for 'New Reality'

But rising food prices, political uncertainty are cause for concern

(Newser) - The Davos World Economic Forum is an optimistic place this year—the theme is “Shared Norms for the New Reality,” meaning the post-financial-crisis reality. In a poll, 48% of the assembled CEOs said they were “very confident” of growth in the next 12 months, according to the...

UN Relief Can't Keep Up With World's Hunger

World Food Program is short nearly $3 billion

(Newser) - The UN's food aid agency has only about half the money it needs to feed the world's hungry as rises in food prices take their toll, the AP reports. The World Food Program is $2.8 billion short of what it needs, says director Josette Sheera, and the shortfall is...

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