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: 3 ﻿
Government Subsidies
U.S. government subsidies for corn production for biofuels take corn out of the food supply, raising prices. The U.S. now uses 37% of its corn crop to make ethanol. That's up from 6% in 2000. 4 ﻿
World Trade Organization Limits on Stockpiles
The World Trade Organization (WTO) limits the amount of subsidized corn and wheat that countries can add to global stockpiles. The United States, the European Union, and some developing countries heavily subsidize their agricultural industries. Farmers in those countries receive an unfair trade advantage. The WTO limits stockpiling to lower this edge. But it also reduces the amount of food available in a shortage. That increases food price volatility. 5 ﻿
People around the world are eating more meat, especially pork, as they become more affluent.