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Food Prices

CALIFORNIA | LOCAL
July 12, 1988
I pity the poor farmer who is losing his crop in the dry Midwest. I hear though that Congress is coming to the rescue. After all, the farmer who is planting his crops and loses them to the drought ought to be reimbursed for his losses. It would be unfair not to receive some help, because there are already many farmers who are getting paid for not planting their crops. But what about the poor consumer? The loss of the farmer's crops means scarcity, and higher prices for the consumer.
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BUSINESS
July 25, 2012 | By Ricardo Lopez, Los Angeles Times
  California might not be dry as a bone, but with the drought throughout most of the rest of the nation, it might as well be. The drought is pushing up the cost of meat and milk and other dairy products for the state's consumers. That's because the cost of feed for California cattle, poultry and hog farmers is soaring as Midwest farms face a shortage of corn and soybean - key feed ingredients. The higher prices won't hit the grocery shelves for a few months, but when they do, consumers will be paying 10% to 15% more for milk, beef and poultry, farmers and economists said.
NATIONAL
May 2, 2008 | Nicole Gaouette and Richard Simon, Times Staff Writers
With high food prices prompting grocery-store apologies to customers and raising fears of starvation in impoverished countries, Congress suddenly faces renewed pressure to cut subsidies to the wealthiest farmers and incentives for ethanol production. The American farmer, long an untouchable political icon, has even become something of a political embarrassment on Capitol Hill, with President Bush earlier this week demanding an end to crop subsidies for "multimillionaire farmers."
BUSINESS
June 22, 1988 | BRUCE KEPPEL, Times Staff Writer
As natural disasters go, Midwest droughts affect retail food prices only indirectly and over a longer period of time than does a freeze in Florida's citrus groves or heavy rains in California's salad bowl, according to agricultural economists. "A drought does not have the same direct effect on food prices as a freeze or rain or bad weather such as you can get in California or Florida," said Dennis Dunham, who monitors food prices for the U.S. Department of Agriculture.
WORLD
April 11, 2008 | From Times Wire Reports
Peacekeepers cleared roadblocks and businesses reopened in Haiti's debris-littered capital, Port-au-Prince, but protesters warned that chaos would return quickly if the government failed to rein in soaring food prices. Three days of protests and looting brought a swift political response, with most of Haiti's 27 senators calling for the resignation of Prime Minister Jacques-Edouard Alexis. Protesters said President Rene Preval should be replaced as well if he doesn't find a solution.
WORLD
February 1, 2007 | From Times Wire Reports
Tens of thousands of trade unionists, farmers and leftists marched in Mexico City to protest price increases for basic foods such as tortillas. One banner aimed at President Felipe Calderon read: "Calderon stole the elections, and now he's stealing the tortillas!" Tortilla prices have doubled over the last year to about 45 cents a pound, causing hardship among millions of poor people.
BUSINESS
January 26, 2011 | By P.J. Huffstutter, Los Angeles Times
Get ready for higher grocery store bills and restaurant checks. The U.S. Department of Agriculture's Economic Research Service released its 2011 Consumer Price Index analysis for projections on food prices this week, and reported that overall food prices are expected to increase 2% to 3% this year. The projected rise comes after a stretch of relative price stability in recent years. The agency's all-food index showed a modest 0.8% increase from 2009 to 2010, and a rise of just 0.3% in prices for food consumed at home, the lowest food inflation rates seen in the U.S. since 1962 and 1967, respectively.
WORLD
May 30, 2008 | From Times Wire Reports
Soaring world food prices may slip in coming months, but steadily rising demand means higher costs will probably persist in the coming decade. That could fuel growing hunger and unrest in the world's poorest nations, a United Nations agency reported. Compared with the last 10 years, wheat and corn prices are likely to be 40% to 60% higher, sugar prices 30% higher, and butter and oil prices 60% to 80% higher, though the real increases could be less when inflation is considered, the Food and Agriculture Organization said in an annual report.
NEWS
March 17, 1986 | ROBERT GILLETTE, Times Staff Writer
Police and hospital workers were placed on alert Sunday as Polish consumers learned that the price of bread, cereals, sugar and other staple foods will rise by about 8%, effective today. In apparent anticipation of protests, police patrols were stepped up in Warsaw and several other cities over the weekend, and hospital workers' leaves were canceled under the alert, Polish sources said.
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