Food prices up, up, and away
So what’s going on with food prices? In the last year, milk is up 17%, dried beans 17%, cheese 15%, rice and pasta 13%, bread 12%–and eggs 25%. The last time I bought a quart of milk at my local anything-goes corner store, it was $2.40. Why? For eggs, it’s clear: growing corn for ethanol drives up corn prices and chicken feed. For eggs and everything else we have the perfect storm: increased demand (from China), decreased supply (ethanol), and higher fuel prices. I’m sure there are other reasons too, but these will do for a start. This is why food systems matter.