Business > Industry

From burgers to breakfast cereal, some key ingredients are being hit by food export bans - industry experts tell us what might be next

1 month ago   |   By Business Insider

Getty Images
Food prices are soaring from export bans and it's affecting everything from burgers to cereal.
Commodities including wheat, sugar, and cooking oils have become fewer to find.
"Prices are real high and they don't seem to be going down any soon," an industry expert said.
Heatwaves, poor harvests, supply-chain bottlenecks and disruption from war in Ukraine have sent food prices soaring this year. In response, a number of countries around the world have imposed export bans in order to protect their own national food supply, which has only added to the problem. Export bans have...
Read more ...

 


Search by Tags

   Industry      Food      World      Markets      Features      MI Exclusive      Export ban      Export      Wheat      Soybeans      Sunflower seeds      Oil      Corn      Sugar      Beef      Russia      Ukraine      Inflation      Inflation 2022  


Opinion | A Grand Compromise on Abortion

Opinion | A Grand Compromise on Abortion

A decade ago, there was talk of a “grand bargain” in Washington to resolve sharp differences on taxes and government spending. But Democrats and Republicans could not agree... Read more ...

Meet the lawmaker Big Tech lobbyists rely on

Meet the lawmaker Big Tech lobbyists rely on

It's hard to find lawmakers willing to publicly side with the big tech companies these days. But Google, Facebook, Amazon, Apple and Microsoft have a powerful champion left on... Read more ...

COVID restrictions ease in Shanghai as case numbers drop

COVID restrictions ease in Shanghai as case numbers drop

BEIJING - Shanghai is moving to allow in-person dining and reopening its Disney Resort theme park as domestically transmitted cases of COVID-19 in China's largest city remain... Read more ...

What Would MLB, NBA Look Like Without Tanking? Kinda Like MLS

Tthere are very few benefits given to MLS teams who finish last in the standings, at least in terms of building a roster for future teams. And it is rooted in beliefs about... Read more ...

Holding 1,844 Beers PBR Has Once Again Created The World Largest Package Of Beer

Going big again, PBR is dropping 250 of their latest creation, the 1844-pack on the market to drive summer beer sales. Read more ...

Pessimism about the economy is growing, a U.S. poll shows

Roughly half of those surveyed say they are worse off financially than a year ago, and most disapprove of President Biden's handling of inflation. Read more ...

Where an Army Paycheck Is an Easy Target

An entire financial ecosystem surrounds the nation's military installations. It's a perilous landscape for young soldiers with little financial experience. Read more ...

How North Korea Used Crypto to Hack Its Way Through the Pandemic

The isolated country continues to find ways to evade sanctions and generate income while operating on the fringes of the global financial system. Read more ...

The Low-Profile Billionaire Who Makes Big, Fat Profits Selling Ethnic...

As the pandemic wanes and with restrictions now lifted nationwide, wedding celebrations are kicking into high gear again. Ravi Modi, the media-shy chairman and managing... Read more ...

Nearly Half Of Americans Think Trump Should Face Criminal Charges For...

48% of Americans are in favor of criminal charges against Trump with opinions split largely among party lines. Read more ...