Food prices have risen at the fastest pace in more than 40 years and food makers and consumers are scrambling to find ways to mitigate the impact, The Wall Street Journal reported.
What Happened: Store-bought food prices rose at a seasonally adjusted 2.6% in April, marking the biggest monthly gain since 1974, according to WSJ. May data is scheduled to be released Wednesday and could show an acceleration in growth.
Food prices rose 5.8% for the 13-week period ended May 30, according to data from market research firm Nielsen.
This is partly due to companies buying new equipment, remodeling factories and configuring stores to better keep people safe from the COVID-19 pandemic…CLICK for complete article
A scientific study which found COVID-19 may have been a “cell-culture” uniquely adapted for transmission to humans (more so than any other animal – including bats), is gaining steam.
The paper, currently under peer review, comes from Flinders University Professor Nikolai Petrovsky, who has spent over two decades developing vaccines against influenza, Ebola, and animal Sars. He says his findings allow for the possibility that COVID-19 leaked from a laboratory, according to Sky News.
“The two possibilities which I think are both still open is that it was a chance transmission of a virus from an as yet unidentified animal to human. The other possibility is that it was an accidental release of the virus from a laboratory,” said Petrovsky, adding “Certainly we can’t exclude the possibility that this came from a laboratory experiment rather than from an animal. They are both open possibilities.” CLICK for complete article
TORONTO – Hollywood flicks were always the main attraction at Bob Boyle’s drive-in theatre on the outskirts of Brackley, P.E.I., but shortly after the COVID-19 pandemic shut everything down, a nearby high school made an unusual request.
Left without the possibility of their traditional graduation festivities, they wondered if the Brackley Drive-In might consider accommodating families by the carload for a gown-and-hat ceremony under the stars. Boyle was intrigued, and it got him wondering if his towering outdoor screen might become a beacon for other major events witnessed from…Click for full article.
A spokeswoman for Donald Trump confirmed on Tuesday morning that the US president is taking a malaria drug as a defense against Covid-19, despite his own administration’s warnings that the drug could have dangerous side-effects.
The confirmation came hours after the House speaker, Nancy Pelosi, expressed alarm that Trump was taking the drug since he is “morbidly obese”, in her words.
At the White House, the press secretary, Kayleigh McEnany, told CBS News Trump was taking hydroxychloroquine.
“I can absolutely confirm that,” she said…CLICK for complete article
The next time someone asks whether you want fries with that, say ‘yes’–it could help stave off a global food crisis.
Belgian potato farmers are facing a surplus of 750,000 tons of potatoes this year that risk being destroyed. That’s prompted authorities there to beg citizens to double up on fries in order to help the industry.
Back in the United States, potato farmers plan to plant fewer spuds this year amid plummeting demand, with some estimates showing potato acres down about 10% while prices have jumped by more than one-third.
But it is not only potato growers that are having problems with the supply and demand, leading to food price increases. In the past few months, with restaurants closed and schools shut down, supply chains are struggling to adapt due to coronavirus restrictions, bottlenecks and general chaos.
Due to the shift of grocery-buying habits that has seen consumers lean more heavily on purchases of non-perishable, packaged goods, fruits and vegetables are being left to rot… CLICK for complete article
Since the onslaught of the COVID-19, we have seen an unprecedented spike in beef prices. The retail price of beef has increased by 60 percent in the past two months to a high of $410.05. Beef has doubled in price, making a hamburger an item of luxury almost on par with a steak.
Why is the humble hamburger making such a dent in our food budget? Because many meat processing plants have closed since the emergence of the coronavirus. That simply leaves less beef to go around, which automatically makes it more expensive.
Many grocery stores are imposing a limit on how much meat their customers can purchase to prevent a total meat shortage. Some of the larger grocery stores, such as Kroger and Costco, are close to running out of meat since the coronavirus has severely interrupted the food supply chain…CLICK for complete article