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this post was submitted on 08 May 2024
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Isn't most of this due to Biden's War in Ukraine? I remember the impact on food prices being discussed when it started but 2 years later and I guess people forgot Ukraine produced an assload of food
not for the US, the US produces big grain surpluses. maybe in the roundabout way of US prioritizing exports to places that used to pay Ukraine & get US grain at a markup---but i feel like thats what US subsidies are supposed to disincentivise
I mean it's a global system of trade and there being Less Grain means all of it is More Expensive
And i'm pretty sure Russia is the biggest fertilizer producer in the world and they put embargos on that
the US is extremely manipulative in the food markets, so i'd hesitate to use such a simple arithmetic.
yeah but manipulating the market so that food is cheap for the average person? that would require foresight and self preservation
nothing so naive---but US firms rely on US produce for their profits, so the gouging could be happening further up the chain where absence/presence of Ukrainian grain is less of a factor is all i'm speculating.