Post
Topic
Board Economics
Re: Food prices doubled this year
by
goldade
on 30/01/2021, 16:46:01 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...

You'd be surprised that your country is not the only county facing these problems. Several countries especially in Africa experience these problems, I'm sure even more than Romania.
I think the primary reason for this is that governments of these countries do not give priority to Agriculture and as such food production is hard as farmers face limited funds, resources and support from the government which leads to low output. In order to meet up production cost, they have to increase the prices of goods. The price in turn continues to increase as it moves down the supply chain. You can imagine how much it'd be by the time it gets to the consumer.
Secondly