What are the key sources of price increases for butter, cocoa, orange juice and other agricultural crops and food products in 2024 in many countries and globally?
Do the key sources of the aforementioned increase in the price of agricultural crops and food products in 2024 include the developing diseases attacking crops and farmed livestock, or are they the climate disasters, weather anomalies, environmental degradation resulting from an unsustainable, over-consuming economy and the accelerating process of global warming in many parts of the world?
In my view, the rise in crop and food prices in 2024 is the result of a complex combination of factors, including intensifying climate change, problems with plant and animal diseases, disruptions in global supply chains and rising demand. Addressing this problem requires sustainable actions, such as investment in climate-resilient agricultural technologies, improved international environmental cooperation, and long-term reforms in food security and stability of commodity markets.
I have described the key issues concerning the problems of the ongoing process of global warming, the negative effects of this process and, therefore, the need to scale up and accelerate the implementation of the green transformation of the economy in the following article:
IMPLEMENTATION OF THE PRINCIPLES OF SUSTAINABLE ECONOMY DEVELOPMENT AS A KEY ELEMENT OF THE PRO-ECOLOGICAL TRANSFORMATION OF THE ECONOMY TOWARDS GREEN ECONOMY AND CIRCULAR ECONOMY
Article IMPLEMENTATION OF THE PRINCIPLES OF SUSTAINABLE ECONOMY DEVE...
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Dariusz Prokopowicz
In 2024, food price increases are driven by climate change disrupting crop yields, geopolitical conflicts affecting supply chains, rising input costs for fertilizers and fuel, inflation, supply chain disruptions, and growing global demand for food. These factors combined have created significant challenges for food affordability worldwide.
In 2024, agricultural pricing is shaped by a complex interplay of factors, including inflation, supply chain disruptions, energy costs, extreme weather, and geopolitical tensions. By understanding these dynamics, stakeholders in the agricultural sector can make informed decisions to help navigate rising prices. Furthermore, developing science, practice, and manners in agriculture is essential for fostering resilience and ensuring sustainable growth in the industry.
On the demand side, price increases are fueled by government programs that support crop purchase and industrial utilization of raw crop supplies e.g., corn to ethanol programs. Expansion of feedlots and hog farms also drives price increases everything else constant.