Post
Topic
Board Economics
Re: Food prices doubled this year
by
Fortify
on 19/07/2021, 19:38:37 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 ?

My country is Romania
We tried to ban exports of grain ,but stupid EU intervened...

I doubt the farmers who are growing the produce, which pays into the tax receipts of your government, are complaining about the ban being struck down. Trade barriers work both ways, if your country starts blocking certain exports - instead of becoming more productive - then in future you might find that certain imports start becoming more expensive in return. People always look at the short term but are in many ways ignorant to the bigger long term picture. The last year during the pandemic has broken down all sorts of supply chains and it is only foolish people who jump to the wrong conclusions too early, then make rash decisions which can have unintended side effects of making the situation even worse for all.