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Overall production/consumption has probably decreased. This means that food has has higher relative share of consumption. Therefore food prices shift right?
by johbjo 6y ago
Overall production/consumption has probably decreased. This means that food has has higher relative share of consumption.
Therefore food prices shift right?
- gremlinsinc 6y agoProduction has decreased, or at least ability to ship it has. Consumption is probably the same for most families, albeit they may buy 10% more to make sure certain staples are good in case of a shortage.. more so during the ebb/flow of covid-19 waves and lockdowns. So a family might end up wasting more food just to be sure they have enough for planned meals or alternatives. A lot of people are having mental health issues from lockdown, that can affect eating behaviors as well - depression can cause gain or loss of appetite so that's up in the air - could also make you plan to eat in but then decide to get take out because you're too depressed to cook. (Source: I've done this as my anxiety/depression has been really bad this year and my wife who's never been depressed is barely functional this year). I think the biggest thing is just everything's shifting. We're not just dealing with covid-19 but also fires and other natural disasters. Unfortunately, I think climate change could keep this the norm even if covid-19 is completely normalized (i.e. we return to some semblance of normal). Covid-19 variants could also keep things an issue. I'm going to get flagged for fear-mongering but I don't see how the next decade gets any better than it is right now, except for fleeting relief cycles as we come out of the pandemic ... but there's a lot of shifting global strife. You can almost feel the change from day to day everything's changing faster and faster and it's getting harder to predict the future. Kind of like the singularity when technology speeds up.
- swiley 6y agoI remember seeing an article about how some container ship crews haven't been able to leave their ships and see other people for crazy periods of time because of lockdowns. That can't be good for retention and shipping.