Title: Food Prices: 5 Causes of Increases, Trends, Forecast, Effect
Headings: Why Food Prices Are Rising, Recent Trends, and 2021 Forecast
Assets & Markets Commodities
Why Food Prices Are Rising, Recent Trends, and 2021 Forecast
5 Causes of High Food Prices
Five Causes of Higher Food Prices
High Oil Prices
Climate Change
Government Subsidies
World Trade Organization Limits on Stockpiles
Recent Trends
2020: The COVID-19 Pandemic
2018 and 2019: Climate Disasters
2016 and 2017: Dollar Impact on Food Costs
2015: Impact of Avian Influenza
2011-2014: How Calamities Affected World Food Supply
2014
2013
2012
2011
2008: The Great Recession
Looking Ahead: The Ongoing Impact of the Pandemic
Key Takeaways
Article Sources

Content: Many people stocked up on groceries and began cooking at home instead of eating at restaurants. This escalated demand for food-at-home. Exports and imports were disrupted as countries closed their borders to stop the spread of the virus. Food supply chains were constrained, leading to lower supply. Meat, fish, dairy, and eggs were especially affected by the shifting economy brought on by the pandemic. 9 ﻿
2018 and 2019: Climate Disasters
Food prices rose 1.6% in 2018. Hurricanes caused temporary price spikes in the production of pecans and chickens. 10 ﻿﻿ 11 ﻿
In 2019, food prices rose by 1.8%. The U.S. experienced 14 separate billion-dollar disasters including three major floods, eight severe storms, two hurricanes (Dorian and Imelda), and one wildfire event.