food prices

Food News

In the Near Future, Price of Food Will Drastically Increase

Food prices have been on the rise for some time now, but an upcoming study to be published Wednesday warns that they will increase even more.

Food prices have been on the rise for some time now, but an upcoming study to be published Wednesday warns that they will increase even more. According to Oxfam, the price of food, mainly staples like corn, will double by 2030. A number of factors — the depletion of natural resources, climate change, growing global population, etc. — have caused more poverty in the world and the poorest people, who already spend the majority of their income on food, will be the first to suffer.

To solve the situation, Oxfam is recommending a complete overhaul of the world's food system. The chief executive said, "We are sleepwalking towards an age of avoidable crisis. One in seven people on the planet go hungry every day despite the fact that the world is capable of feeding everyone. The food system must be overhauled." It's easy to call for action, but the change that is necessary will probably not come quick enough. Are you concerned about a global food crisis?

Food News

Yummy Links: From Desk Drawer Snacks to Lamb Pizza

Food

Why Is Your Grocery Bill Getting Higher?

Not only do we have to deal with rising gas prices, but our grocery bills are going to face an increase as well.

Not only do we have to deal with rising gas prices, but our grocery bills are going to face an increase as well. Although retailers and food producers are willing to soak up the higher commodity costs, food prices have still been going up. Here's why it's pricier to shop for your eats:

  • Many areas around the world have been plagued by bad weather conditions, which have impacted the amount of production.
  • The smaller grain supply has increased the price of animals like pigs and cows, which consume them.
  • As developing nations like China and India become wealthier, there is increased demand for food items.

 

Now that you know your bill is getting higher, and that it's not just you, learn how to spend less on groceries by reading our tips on price matching, knowing what to buy in bulk, buying store brands, and just using realistic tricks to saving. Do you have any savvy tips for shrinking grocery bills?

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Yummy Links: From Cocoa to Risotto

Food News

Do You Purchase Bison?

When it comes to buffalo, are you willing to pay the price?

When it comes to buffalo, are you willing to pay the price? As ranchers struggle to keep up demand, bison meat is closing in on record-high prices. Buffalo's extremely lean texture and smooth flavor have become sought after in recent years, but that hasn't come with growing pains in the niche business, such as difficulty meeting demand and food safety snafus. Still, the industry maintains that, so far, consumers have been willing to pay a prettier penny. Do you dole out more to buy buffalo?

Trends

As Groceries Get Steep, Eateries Hope to Get Their Groove Back

Could cooking at home be costing you?

Could cooking at home be costing you? According to market research firm NPD Group, grocery aisle price hikes are predicted to surpass restaurant menu price increases for all of 2011. Although supermarket food prices dropped in 2009, they ended up in 2010 and are currently rising faster than restaurant costs — a factor that's driving more Americans out of the kitchen and back into dining establishments. Why the sudden price jump? Fierce supermarket competition during the economic recession kept grocery prices prohibitively low — but meanwhile, costs for commodities like sugar, corn, and pork continued to build. As a result, many analysts expect a grocery bill bubble to burst and food inflation rates to reach notable highs.That's some scary news for the American pocketbook. Have you noticed a jump in grocery costs — and is it driving you to eat out more?

News

Shrunken Packaged Foods' Slow Return to Their Original Size

In a small indication that America may be on a slow road to economic recovery, consumer foods marketers are beginning to reintroduce larger packages at the same price.

In a small indication that America may be on a slow road to economic recovery, consumer foods marketers are beginning to reintroduce larger packages at the same price. Last year, manufacturers were hit by high fuel and commodity prices, so to avoid blatantly transferring cost increases to consumers, manufacturers such as Hellman's, Tropicana, and Kellogg's quietly began downsizing packages.

Ben & Jerry's even went after the size of Haagen-Dazs in its marketing campaign, pointing out that the rival company had downsized its "pints" from 16 to 14 ounces. But recently, some consumer products, like Pringles Super Stacks, and certain bags of Frito-Lay's chips, have shot back up to their original sizes. It's unclear whether increased package sizes are going to be part of limited-time promotions or permanent reversals.

Which products have you noticed products increasing in size lately?

News

Boston Market Latest Chain to Promote Cheaper Meals

Boston Market is the latest restaurant chain to succumb to sluggish spending.

Boston Market is the latest restaurant chain to succumb to sluggish spending. The Golden, CO-based corporation announced yesterday that it will offer a larger discounted menu of 11 meals for $5.

Boston Market joins a list of food chains — such as Subway, Quizno's, and Domino's — that have been promoting meals for $5. The company's chief brand officer, Judy Cantrell, said:

The $5 price point is an important part of the new vernacular in the restaurant industry. It’s become a price point that consumers respond to, and we see an opportunity to increase the quality of choices with our slow-roasted rotisserie chicken meals.

The value menu includes the chain's popular one-quarter rotisserie chicken, classic chicken salad, and rotisserie chicken pot pie, which come with a side dish and a drink. The company will promote its newly-priced menu with a TV commercial and online campaign. Will you try one of their $5 meals?

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Yummy Links: From Lobster Rolls to Berry Pizza

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News

Food Sizes Shrinking, Prices Stay the Same

On Friday afternoon I was in the ice cream aisle at my local grocery store.

On Friday afternoon I was in the ice cream aisle at my local grocery store. Since food is incredibly pricey these days, I was searching for the cheapest vanilla ice cream. As I reached for what I thought was the cheapest, my bff pointed out that it was actually a smaller container with a more expensive price tag! As we all know, ice cream cartons aren't the only items on grocery store shelves that are shrinking, and Time magazine reports on the growing trend:

Soaring commodity and fuel prices are driving up costs for manufacturers; faced with a choice between raising prices (which consumers would surely notice) or quietly putting fewer ounces in the bag, carton or cup (which they generally don't) manufacturers are choosing the latter. This month, Kellogg's started shipping Apple Jacks, Cocoa Krispies, Corn Pops, Froot Loops and Honey Smacks containing an average of 2.4 fewer ounces per box.

Other brands that are offering consumers shrunken products at unchanged prices are Tropicana, Wrigley's, Hellman's, and Country Crock. Have you noticed any of these smaller products at your supermarket?

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