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Not everything. As a farmer, my prices are down 20-50% (depending on the product) over last year. I'd happily charge more, but without a willing buyer... A lot
by randomdata 3y ago
Not everything. As a farmer, my prices are down 20-50% (depending on the product) over last year. I'd happily charge more, but without a willing buyer...
A lot of what we sell is as futures, so realistically the consumer is only now getting around to buying the product we sold last year. I fully expect the conversation to be quite different next year as these declines work their way through the economy.
- samwillis 3y agoWhat have your costs done though? Last I heard, here in the UK was the fertiliser cost have come down since the astronomic highs of a year or so back. Chatting to a farmer friend back then it sounded mad what was happening.
- francisofascii 3y agoWhich products? Corn? I wonder if that means food inflation will start to subside and perhaps even reverse? As an aside, food stocks saw huge gains in the past year, but are starting to lose value in the last few weeks, for whatever reason.