Topic: Food prices doubled this year - page 21. (Read 6761 times)
The food price doubled due to lockdown because in most countries farmers are also not allowed to go to farm, while the rich businessmen take advantage of the situation by buying and hide the food item so that when the price doubles they will sell when there is high demand. This happens more in developing countries causing a price increase of upto 70%.
Due to COVID 19,the economy of many country had faced a lot. Now the price stabilization is happening ,the price of many food items and his sub ordinates was reduced compared to last month.
Some sort of breathing for consumers, as there's some lift coming from the government and the fact that businesses are in need of encircling their money to survive they can't continue charging higher than how consumers can pay them.Quote
The flow of food products and his sub ordinates was increased. So the resellers can't increase at the high price for now.
That's true, unlike last month where deliveries was hold, now there are companies who are already open so supplies are showing back now.Quote
And even buyers are not ready to buy at that price.
True! due to jobless buyers they can't pay it from that price. 
Due to COVID 19,the economy of many country had faced a lot.Now the price stabilization is happening ,the price of many food items and his sub ordinates was reduced compared to last month.The flow of food products and his sub ordinates was increased.So the resellers can't increase at the high price for now.And even buyers are not ready to buy at that price.
Not really because the government here in our place had already take some actions like preventing market to double or make an increase in the price. An executive order also has been signed and release from the office of the president for those business owners who will violate on the price control order.
Though yes it may not going to take effect on all areas of markets but at least mostly especially the essentials are being monitored and control the movement of the price.
Though yes it may not going to take effect on all areas of markets but at least mostly especially the essentials are being monitored and control the movement of the price.
These are the consequences not so much of the spread of the coronavirus pandemic as too strict restrictive measures to combat the coronavirus. Under the influence of these measures, the gross domestic product in each country fell by tens of percent. At the same time, prices are rising, including for food. In my country, this is not yet very noticeable. Unemployment is growing, people are running out of money. Because of this, purchasing power falls, and therefore prices do not rise too much.
Purchasing power falls because when there are no jobs, the circulation of money also seize or limited. Money needs to be circulating for the economy to grow and if this does not happen, gross demestic product diminish. Every economy need to be productive for the good of all .
Prices of essential are still rising in my country and not even being stable or reducing it. People purchasing power is falling and only those who have a regular income are able to spend or even they have reduced the unnecessary spending because the future may be uncertain with industries getting effected due to pandemic.
That's how businessman thinks, they will grab any opportunity to grow their income annually.
It's very disappointing that many people have that kind of mindset instead of helping each other to endure the situation we are facing. The worst part of this pandemic is, we will experience pricey things in the future since we aren't still COVID-19 free.
You would really expect that because not all people do really care about humanity and also its business which means you had invested something where its just normal that you would really aim
for profit but somehow it shouldnt really be beyond on whats suggested.Prices now do really increase but there are still people who do keep prices low and suggested but there are people whom
do really take advantage on the current situation specially now on essentials where people do need the most.Its sad but this is the reality we are facing now and theres no choice
but to deal with it and its really sad for those who earn on average yet allocation for food would really be on big slice.
When the pandemic hit my country there were some food shortages, which made the prices of some basic foodstuffs increase. this incident was quickly controlled by the government in my country. now, some basic commodity prices have returned to normal, this scarcity event might happen again if this pandemic spreads out of control.
This pandemic is really worrying but nothing to be afraid of just stay safe.
This pandemic is really worrying but nothing to be afraid of just stay safe.
These are the consequences not so much of the spread of the coronavirus pandemic as too strict restrictive measures to combat the coronavirus. Under the influence of these measures, the gross domestic product in each country fell by tens of percent. At the same time, prices are rising, including for food. In my country, this is not yet very noticeable. Unemployment is growing, people are running out of money. Because of this, purchasing power falls, and therefore prices do not rise too much.
Purchasing power falls because when there are no jobs, the circulation of money also seize or limited. Money needs to be circulating for the economy to grow and if this does not happen, gross demestic product diminish. Every economy need to be productive for the good of all .
Prices of essential are still rising in my country and not even being stable or reducing it. People purchasing power is falling and only those who have a regular income are able to spend or even they have reduced the unnecessary spending because the future may be uncertain with industries getting effected due to pandemic.
That's how businessman thinks, they will grab any opportunity to grow their income annually.
It's very disappointing that many people have that kind of mindset instead of helping each other to endure the situation we are facing. The worst part of this pandemic is, we will experience pricey things in the future since we aren't still COVID-19 free.
I was wondering the same like why would the prices of food or groceries go up during such times? Because people are storing too much groceries? Well that might be a reason but that would create shortage of items rather than increase in prices.
Thankfully in my country there has been no such problems and while we are hit hard by the covid-19 but there are no stocking problems and people have been really nice to the lower society.
Thankfully in my country there has been no such problems and while we are hit hard by the covid-19 but there are no stocking problems and people have been really nice to the lower society.
I don't think that people are hoarding. That may have happened during the initial phase of the pandemic, but it stopped when they realized that the shops and supermarkets are going to remain open. Even I stocked as much as I can during March and April. On top of that, online retailers such as Amazon greatly expanded their coverage during the pandemic. A lot of people shifted to online retailers from local shops.
Well there is a great posibility that the food prices will become double today or maybe in the next few months from now. Because every country has suffering from the covid-19 pandemic and all of the people arround are having a hard time to work because of some health protocol so the food prices is really expected to rise.
Lol your speculation is late because the doubled prices happens when the pandemic is still a hot issue,when the lockdown happens so the abused in price indication happens.But now that the covid is starting to subside and the market prices is returning back to what the normal price,though now that there is a Pig desease happening here so the price slightly move high.
The pandemic hasn't vanished yet but people are frustrated to such a level that they are now trying to accept the pandemic a new normal and ready to move out of their place more so because the death rate in corona virus is actually low. I mean yes there will be heaps of people being testing positive but for the virus but the deaths would not be as threatening as the number of cases.
I just hope those restaurant wouldn't lose their income by lowering their price. Cause I'm sure their operating cost got high too because of the pandemic, suppliers doubled their prices too. I'm sure cause a friend from a market place told me that their supply of vegetables and meat got high. So that explains the reason why meat is high, I've check my local market earlier and it is still getting higher.
Restaurants lowering their prices are taking a risk, it is risky but is still a choice.
in a time of a pandemic like now the price of food in my country remains stable, there is no decline in prices, a pandemic is only a sufferer for people under them who cannot go out to earn money. food prices have no effect.
This is the case with most of the countries. Even in my country (which imports more than 90% of the food), the prices have remained stable. The pandemic didn't had any impact at all on the food production. Obviously there were some obstacles in the movement of goods, but that was resolved in quick time. Also, the governments around the world this time made sure that the food availability remains stable.
Thankfully in my country there has been no such problems and while we are hit hard by the covid-19 but there are no stocking problems and people have been really nice to the lower society.
Well there is a great posibility that the food prices will become double today or maybe in the next few months from now. Because every country has suffering from the covid-19 pandemic and all of the people arround are having a hard time to work because of some health protocol so the food prices is really expected to rise.
Lol your speculation is late because the doubled prices happens when the pandemic is still a hot issue,when the lockdown happens so the abused in price indication happens.But now that the covid is starting to subside and the market prices is returning back to what the normal price,though now that there is a Pig desease happening here so the price slightly move high.
The pandemic hasn't vanished yet but people are frustrated to such a level that they are now trying to accept the pandemic a new normal and ready to move out of their place more so because the death rate in corona virus is actually low. I mean yes there will be heaps of people being testing positive but for the virus but the deaths would not be as threatening as the number of cases.
because maybe the amount of supply during the pandemic has decreased so that goods will be a little difficult to find and the price will go up, that has become a basic principle of the economy.
at least the outbreak is not expected to create a global crisis.
but new things will inevitably form from this, for example new jobs and the economy will grow bigger if we go through this.
at least the outbreak is not expected to create a global crisis.
but new things will inevitably form from this, for example new jobs and the economy will grow bigger if we go through this.
Many countries are experiencing hardship since covid-19 came. many lost their job, many investors loss their profit, many companies stop work because of the corona virus that is killing people in different countries.
Many farmers find it difficult to go to farm to bring food items to market for people to purchase and use them to feed their family. My country if you disobey the law the government has put on ground concerning the lockdown, you will go to jail for 10 years, because of this many investors, companies and farmers find it difficult to produce food items to market in my country.
Many farmers find it difficult to go to farm to bring food items to market for people to purchase and use them to feed their family. My country if you disobey the law the government has put on ground concerning the lockdown, you will go to jail for 10 years, because of this many investors, companies and farmers find it difficult to produce food items to market in my country.
snip..
fortunately I live in an country that is a food producer, so prices tend to be normal even in this "PANDEMIC" period. Usually, countries that experience an increase in food prices in this "PANDEMIC" period are countries that are not food producers (wheat, rice, etc). I think the government in your country should pay more attention to this problem because it is certainly affecting people's finances in the midst of this crisis. I hope the increase in the price of foodstuffs in your country has subsided because at this time countries have re-activated exports and imports as usual.. These are the consequences not so much of the spread of the coronavirus pandemic as too strict restrictive measures to combat the coronavirus. Under the influence of these measures, the gross domestic product in each country fell by tens of percent. At the same time, prices are rising, including for food. In my country, this is not yet very noticeable. Unemployment is growing, people are running out of money. Because of this, purchasing power falls, and therefore prices do not rise too much.
Purchasing power falls because when there are no jobs, the circulation of money also seize or limited. Money needs to be circulating for the economy to grow and if this does not happen, gross demestic product diminish. Every economy need to be productive for the good of all .
After all when people begin to get rid of their money as soon as they got it most of the time it means that inflation is out of control, an scenario that is getting closer to happen with each passing day.
The government can try a few steps, such as removing the middle-men, but the core issues remain. When I say core issues, I mean the decrease in per-capita availability of land, global warming.etc.
Even small things like that could leave the big impact in the future. I would prefer if gov takes this small step and could make better result later rather than not taking anything at all. The thing is they don't even start or don't even planning anything on that because it is true, we can't do that much actually without the help from government.
According to the statistics Food prices rise 2% to 3% each year on average. 2020 is likely the rudest year ever as we have experienced yet. After the COVID outbreak and worldwide industry were closed during the lockdown these all things reason food become more expensive even some where it crossed more higher that become more trouble especially those were lived in the third world country.
In my country even before pandemic has taken place, inflation took a major hit on our economy. There is this law that they passed that made made my fellow citizen poorer. Then this pandemic came, it felt like we crushed to the bedrock. All the items and of course food prices really sore high. They all did was panic buying and increased the demand, however the supply was low and it caused the doubling, no, tripling of prices.
These are the consequences not so much of the spread of the coronavirus pandemic as too strict restrictive measures to combat the coronavirus. Under the influence of these measures, the gross domestic product in each country fell by tens of percent. At the same time, prices are rising, including for food. In my country, this is not yet very noticeable. Unemployment is growing, people are running out of money. Because of this, purchasing power falls, and therefore prices do not rise too much.
Purchasing power falls because when there are no jobs, the circulation of money also seize or limited. Money needs to be circulating for the economy to grow and if this does not happen, gross demestic product diminish. Every economy need to be productive for the good of all .
Don't expect the increase in salary because unemployment is at its peak so there is no reason for your salary to be increased,if you are from a country where the unemployment is under control then you can expect such things.In my country people are losing their jobs,business also going down on most sector better we need to survive before expecting the increase in our standard of life.
Many of my colleagues are working with reduced salary. They are saying that taking a pay-cut is much better than going without a job. A few of my friends have lost their jobs, and they are in very bad shape now. On the outside, the economy seems to be recovering, but some of the sectors were very disproportionately affected. I guess I am lucky, because my company hasn't cut any positions till now.
Jump to: