Post
Topic
Board Economics
Re: Food prices doubled this year
by
sapnu
on 27/01/2021, 16:33:28 UTC
When i have time i go to local market to check prices

Vegetable prices doubled
Fruit prices doubled
Meat prices around 30% increase
Grain products around 20% increase
...

And my country  is a exporter of food products

How is it in your country ? Same ?


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My country is Romania

https://www.bloomberg.com/news/articles/2020-04-10/food-supply-fears-are-growing-as-romania-bans-grain-exports

We tried to ban exports of grain ,but stupid EU intervened...
It should already be expected as a detrimental effect of this never ending pandemic. As places gets quarantined and as transport of goods gets more and more limited to avoid the dissemination of the virus, the value of the products would definitely increase. In my country, pork and meat are already getting more expensive even the vegetables. Everyone is affected because of this pandemic specially the businesses in different places. It would surely result to much worse poverty in the making as people end up losing their jobs and as the essential needs grow in price.