Food prices doubled this year - page 11.

Findingnemo

hero member

Activity: 2310

Merit: 757

Bitcoin = Financial freedom

Quote from: bryant.coleman on March 06, 2021, 12:32:48 AM

Quote from: Findingnemo on March 04, 2021, 03:10:28 AM

After a year of this thread, I can clearly say that prices are increased but it is yet to be doubled in my region. Governments are increasing tax rates at the time of Pandemic not it is getting added to the actual price of the products and it will increase further when the new normal begins.

Which country you are residing in? Even if the tax rates are increased, that should not have much impact on the food prices. Because the governments almost never increases the tax on agricultural products. However, increasing oil prices may cause additional expenses in transporting food products. Here in my country there has been no increase in the food prices. We are paying the same rates that we used to pay before the pandemic.

It is not the issue with particular country, it is happening all over the world but the amount maybe unnoticeable but surely the prices are increased due to the tax change policies. You can think that few cents increase on the fuel price may not affect the food products but the transportation of raw material and the transportation or complete material, then importing transport will add and sump up a huge value for sure.

bryant.coleman

legendary

Activity: 3654

Merit: 1217

Quote from: Findingnemo on March 04, 2021, 03:10:28 AM

After a year of this thread, I can clearly say that prices are increased but it is yet to be doubled in my region. Governments are increasing tax rates at the time of Pandemic not it is getting added to the actual price of the products and it will increase further when the new normal begins.

Which country you are residing in? Even if the tax rates are increased, that should not have much impact on the food prices. Because the governments almost never increases the tax on agricultural products. However, increasing oil prices may cause additional expenses in transporting food products. Here in my country there has been no increase in the food prices. We are paying the same rates that we used to pay before the pandemic.

In the silence

sr. member

Activity: 1289

Merit: 294

''Vincit qui se vincit''

Quote from: Findingnemo on March 04, 2021, 03:10:28 AM

After a year of this thread, I can clearly say that prices are increased but it is yet to be doubled in my region. Governments are increasing tax rates at the time of Pandemic not it is getting added to the actual price of the products and it will increase further when the new normal begins.

We also had this kind of problem on our country. The needs of every people during pandemic are doubled and there's a lot of issues that spreads the all over the local gorvernment. They keep on being blind on other "critical" issues and focusing on other nonsense reports from the media. I can't tell whether this will end nor continue.

Quote from: smartcontracts100 on September 16, 2020, 06:11:30 AM

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 ?

It's the same on our country and everything is getting illogical when our government regulates something especially when "taxes" or "fees" are included.

Findingnemo

hero member

Activity: 2310

Merit: 757

Bitcoin = Financial freedom

After a year of this thread, I can clearly say that prices are increased but it is yet to be doubled in my region. Governments are increasing tax rates at the time of Pandemic not it is getting added to the actual price of the products and it will increase further when the new normal begins.

Negotiation

sr. member

Activity: 1036

Merit: 258

★Bitvest.io★ Play Plinko or Invest!

After the end of the lockdown the demand for almost everything has increased due to which the demand for food items has increased many could not sell the food they needed that is why they have suffered so much. They are spending their money by doubling the price of food but it will not be long term.

Swopon

copper member

Activity: 700

Merit: 120

Gamdom

Quote from: Spaffin on March 02, 2021, 02:32:56 PM

I completely agree with your opinion. I live in an agricultural region where everyone is engaged in agriculture and personally had the opportunity to observe how, during quarantine, the farmer did not even have the opportunity to send the grown vegetables for processing, let alone sell any products on the markets. All farmers have suffered huge losses and in order to somehow make up for the losses, prices are rising today. After all, it is necessary to cultivate the land, and also to feed the cattle with something you need, and you need to spend money on this. What is happening today is primarily the short-lived leadership of the country by a bad government. This trend is observed in all countries.

I can also closely related with agriculture based economy and belongs to a farmer family where almost maximum of my family members are involved with agriculture. It is very enjoyable for us whenever we got the results and we just wait to see it more. We also produced more than other times but we didn't sell it due to lockdown period in my area. That caused us a loss but ee believe good times will come soon. We basically produced rice and some vegetables where rice is okay for hold but vegetables can't hold a long time without using chemical. That's the reason for increasing demand and supply was less as expected. So the price gradually get doubled in many countries.

Spaffin

full member

Activity: 1316

Merit: 108

Quote from: ?? on ??

Quote from: Sithara007 on February 28, 2021, 11:27:25 PM

Quote from: sniveel on February 28, 2021, 11:10:41 AM

It is not shocking at all, we are now facing hard times because of this pandemic but it is still crazy that some food business owners increase the price of their products while their consumers are struggling to earn money. I know that businessmen also struggling but some people can't really afford to eat nowadays.

The farmers can't increase the price of their products whenever they want. The prices are decided on the basis of market dynamics. When there is a drop in supply, the prices will go up and there is no point in blaming the farmers for that. They also suffered huge losses during the initial stages of the pandemic, when the crops were left rotten due to lockdowns and other precautionary measures. And how many people can't really afford to eat? The number of individuals who live in extreme poverty has gone down over the years.

As far as I know farmers had all the opportunities to cultivate their fields and to gather their harvest (social distance was definitely observed there) but because of governments’ covid limitations all that goods where left closed in the food warehouses. Marketing and logistics companies were closed so farmers can't sell their goods and those goods got rotten in the food warehouses. Here you are the growth of prices for goods.

I completely agree with your opinion. I live in an agricultural region where everyone is engaged in agriculture and personally had the opportunity to observe how, during quarantine, the farmer did not even have the opportunity to send the grown vegetables for processing, let alone sell any products on the markets. All farmers have suffered huge losses and in order to somehow make up for the losses, prices are rising today. After all, it is necessary to cultivate the land, and also to feed the cattle with something you need, and you need to spend money on this. What is happening today is primarily the short-lived leadership of the country by a bad government. This trend is observed in all countries.

AndySt

legendary

Activity: 2142

Merit: 1012

Quote from: Mauser on March 01, 2021, 06:19:56 AM

Quote from: sniveel on February 28, 2021, 11:10:41 AM

It is not shocking at all, we are now facing hard times because of this pandemic but it is still crazy that some food business owners increase the price of their products while their consumers are struggling to earn money. I know that businessmen also struggling but some people can't really afford to eat nowadays.

I think this just the beginning we see right now. Food prices are going to go up even more in the future. Having access to good food becomes more of a privilege these days. The demand for bio or vegan food is growing a lot over the last few years. Also the willingness of consumer to pay for food is going up too.

There is nothing strange or surprising in this: the rise in the price of food in the context of a pandemic is an inevitable consequence of the prevailing conditions. Production costs have increased due to all sorts of knockdowns and disruption of logical supply chains due to the closure of borders between the regions of states and the states themselves. And so the rise in prices can only be held back by two main reasons: the falling purchasing power of the population and government subsidies to agricultural producers.

Vishnu.Reang

sr. member

Activity: 1974

Merit: 453

Quote from: bakasabo on March 01, 2021, 06:25:24 AM

Can someone name a country and a list of good/food which prices doubled? In my country I dont feel like buying food became more expensive, I done see that prices even has increased for more than 25%. Also I cant say that our country produce all the food that are on the shelves. But what worries me is that vegetables (these we can produce), like tomatoes and cucumbers cost almost the same as pork or beef. Despite growing them are easier than raising a cow.

In my country, I haven't noticed any such price change. But I should add that since work from home was declared in my office, I have shifted to my hometown and here the prices were always lower (since it is a rural area). But I have talked to my friends who are still residing in tier 1 and tier 2 cities, and they are unaware of any significant prince increase. When the lockdown was declared (March 2020) there was a temporary spike, but it was soon put under control by the authorities.

bakasabo

legendary

Activity: 2296

Merit: 1176

Can someone name a country and a list of good/food which prices doubled? In my country I dont feel like buying food became more expensive, I done see that prices even has increased for more than 25%. Also I cant say that our country produce all the food that are on the shelves. But what worries me is that vegetables (these we can produce), like tomatoes and cucumbers cost almost the same as pork or beef. Despite growing them are easier than raising a cow.

Mauser

hero member

Activity: 1694

Merit: 516

Quote from: sniveel on February 28, 2021, 11:10:41 AM

It is not shocking at all, we are now facing hard times because of this pandemic but it is still crazy that some food business owners increase the price of their products while their consumers are struggling to earn money. I know that businessmen also struggling but some people can't really afford to eat nowadays.

I think this just the beginning we see right now. Food prices are going to go up even more in the future. Having access to good food becomes more of a privilege these days. The demand for bio or vegan food is growing a lot over the last few years. Also the willingness of consumer to pay for food is going up too.

Sithara007

legendary

Activity: 3164

Merit: 1344

Leading Crypto Sports Betting & Casino Platform

Quote from: sniveel on February 28, 2021, 11:10:41 AM

It is not shocking at all, we are now facing hard times because of this pandemic but it is still crazy that some food business owners increase the price of their products while their consumers are struggling to earn money. I know that businessmen also struggling but some people can't really afford to eat nowadays.

The farmers can't increase the price of their products whenever they want. The prices are decided on the basis of market dynamics. When there is a drop in supply, the prices will go up and there is no point in blaming the farmers for that. They also suffered huge losses during the initial stages of the pandemic, when the crops were left rotten due to lockdowns and other precautionary measures. And how many people can't really afford to eat? The number of individuals who live in extreme poverty has gone down over the years.

sniveel

member

Activity: 431

Merit: 11

It is not shocking at all, we are now facing hard times because of this pandemic but it is still crazy that some food business owners increase the price of their products while their consumers are struggling to earn money. I know that businessmen also struggling but some people can't really afford to eat nowadays.

FIFA worldcup

full member

Activity: 1134

Merit: 105

Quote from: Rexler on February 28, 2021, 12:38:52 AM

I feel this is the same in every country the Corona virus hit, the pandemic brought set backs to every country's economy instead of going forward it disfigured the economy, cuz I remember clearly people couldn't go to work as at last year, everyone was just at home trying to survive, the food prices doubled since there are few sellers and so many buyers, in my country during the pandemic the prices of food stuffs doubled, right now in 2021 it tripled we still don't know what's going on Undecided

.

Do you think that if there was no pandemic last year, the food and commodities prices would not have increased ? The prices are increasing every year because of the inflation. I agree that due to pandemic the prices increased more than expected but overall unless we don't find a way to stop the inflation, the price rise will not stop.

Question123

sr. member

Activity: 1624

Merit: 267

Meat in the country is also increased maybe because due to the economic crisis cause by the Pandemic. We know we back to slowly normal again but not like before because they have restrictions and guidelines when you are go to job or open again a business so the government are doing their job to recover the economy of each country but suddenly only people who are suffer due to the inflation.

Sebas.tian

full member

Activity: 2016

Merit: 156

Many countries experienced this covid-19 that caused many food items to double up this year. Many things doubled up for where I'm because of the economy that was affected during the pandemic that caused many organizational sectors not to function the way they use to function in the country.
Many crops producers find it difficult to grow their crops and bring them to market for sale because of the lockdown the government has announced in the country. The lockdown that took over the country over one year and some months, that caused the farmers not to go to the farm to grow their crops because of the covid-19 that was spreading all over the country.
Since the government has removed the lockdown from the country few months ago, show that very soon food items will decrease in the market because farmers will now have full access to grow their crops in a larger land to have more crops to supply to the market.

Xinarae*

sr. member

Activity: 1414

Merit: 326

Due to the effect of corona farmers are helpless due to not getting fair price bank loan household expenses. If these farmers who are involved in the most important sector of the country do not get a fair price they will be forced to change their profession in the future as a result, the world may face food shortages in times of crisis due to which the farmers are getting their fair price by increasing the price of food items and the financial problems are being eliminated. Prices of everything including food have risen sharply as trade with various countries has stopped.

Sithara007

legendary

Activity: 3164

Merit: 1344

Leading Crypto Sports Betting & Casino Platform

All of us are overlooking an important fact. As a result of multi-trillion stimulus packages, the purchasing power of fiat currency has gone down by quite a bit during 2020-21. Most of the commodities have witnessed an increase in prices. This is not just applicable to food items, but also to other commodities such as crude oil, steel, timber, real estate.etc. And I expect the prices to rise much further in the future.

Rexler

member

Activity: 616

Merit: 12

The Standard Protocol - Solving Inflation

I feel this is the same in every country the Corona virus hit, the pandemic brought set backs to every country's economy instead of going forward it disfigured the economy, cuz I remember clearly people couldn't go to work as at last year, everyone was just at home trying to survive, the food prices doubled since there are few sellers and so many buyers, in my country during the pandemic the prices of food stuffs doubled, right now in 2021 it tripled we still don't know what's going on Undecided

.

TribalBob

sr. member

Activity: 1288

Merit: 257

Chainjoes.com

It's the same, for certain commodities, and even for my favorite food ingredients, it didn't operate because the main ingredients for its processing rose by up to 50%,
but the efforts of the government have been mobilized enough, the pandemic makes the economy even more uncertain, hopefully the government can act and provide solutions for this pandemic period so that food supplies can be controlled

Topic: Food prices doubled this year - page 11. (Read 6695 times)