COVID-19 and food inflation scares

Vos, Rob; Glauber, Joseph W.; Hernandez, Manuel A.; Debucquet, David Laborde

doi:10.2499/9780896294226_10

Cited by 14 publications

(14 citation statements)

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“…According to the International Food Policy Research Institute, there had been a global food price crises with a dramatic surge in the prices of staple foods such as rice, beans, maize and soybeans. This has been a concern especially for low-income countries due to their governments' limited ability to protect the purchasing power of their underserved communities and prevent the high food prices from leading to food insecurity and altering diet quality (91) . To fight food insecurity, especially in developing countries, it is crucial to place emphasis on commodities' distribution and supply chain management system (92) .…”

Section: Discussionmentioning

confidence: 99%

Effect of COVID-19 outbreak on the diet, body weight and food security status of students of higher education: a systematic review

Jehi

Khan²,

Halawani³

et al. 2022

Br J Nutr

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The Covid-19 pandemic has impacted college students’ lifestyles and placed them at a greater risk of obesity and food insecurity. The purpose of the systematic review was to consolidate evidence for the effect of Covid-19 on students’ dietary quality, dietary habits, body weight, and food security status. A comprehensive literature search was conducted utilizing various databases including Google Scholar, MEDLINE, ScienceDirect, Embase, and Scopus to identify relevant studies. To be incorporated in this review, studies had to include higher education students, measure the prevalence of food insecurity, and assess the dietary and body weight changes during the Covid-19 pandemic. The studies showed that the diet quality of college students was compromised during the pandemic in many nations due to the decrease in the intake of whole grains, dairy products, legumes, nuts, fruits, and vegetables and the increase in consumption of alcohol, confectionery products, and refined grains. There was an increase in the frequency of cooking, binge eating, breakfast skipping, and unhealthy snacking. These modifications, in return, were associated with body weight changes, with no less than 20 to 30 % of students gaining weight during the pandemic. The pandemic also impacted food security status of students, with over 30% being food insecure worldwide. The Covid-19 outbreak has exacerbated the students’ diet quality and dietary habits and placed them under high risk of weight gain and food insecurity. Higher education institutions and governments should improve students’ access to nutritious foods and incorporate nutrition education interventions in the curricula.

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Section: Discussionmentioning

confidence: 99%

Effect of COVID-19 outbreak on the diet, body weight and food security status of students of higher education: a systematic review

Jehi

Khan²,

Halawani³

et al. 2022

Br J Nutr

View full text Add to dashboard Cite

show abstract

“…However, Baumeister and Kilian (2014) provide suggestive evidence that energy prices and food prices are jointly determined by underlying aggregate demand. To the extent that costs of input and transportation are a factor, for the 2022 crisis, this effect has been in the making through the most part of the pandemic, and especially since the second half of 2021 when prices of fertilisers increased dramatically and contributed to rising food prices (Vos et al, 2022).…”

Section: Global Commodity Market Disruptionmentioning

confidence: 99%

“…The Baltic Dry Index recently rose again to new highs in October 2021, mainly driven by the economic recovery from the COVID‐19 pandemic. Vos et al (2022) argue that international freight prices were an additional factor that led to increased food prices in 2021.…”

Section: Global Commodity Market Disruptionmentioning

confidence: 99%

“…Arita et al (2022) find that international trade flows were not significantly affected for most food and bulk agricultural commodities. However, Vos et al (2022) argue that the increase in food prices in the second half of 2021 was largely associated with the recovery in food demand and temporary disruptions in logistics. One notable exception to the resilience of food supply chains during the pandemic was the disruption in meat processing plants, which led to a spike in meat prices in the beginning of the COVID‐19 pandemic.…”

Section: Global Commodity Market Disruptionmentioning

confidence: 99%

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Global commodity market disruption and the fallout

Ferguson

Ubilava

2022

Aus J Agri & Res Econ

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The war in the breadbasket of Europe, which spawned at the heels of the once‐in‐a‐lifetime pandemic, sent major cereal prices spiralling upward. The unprecedented sequence of events leading to and including the war has tested the resilience of global commodity markets and the craftsmanship of policymakers. While the circumstances may differ, the disruption of global commodity markets is not exactly uncharted territory, with many examples and experiences from near and distant history. By showcasing anecdotal and empirical evidence from the past, this study puts the current crisis and its consequences in perspective and offers an outlook with a specific focus on low‐ and middle‐income countries.

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“…Food prices are skyrocketing around the world. In January 2022, according to the Food and Agriculture Organization's (FAO) food price index of the United States (Vos et al, 2022; Figure 1), international prices for major food items climbed to a level near the heights of the global food price crises of 2007-08 and 2010-11. Astonishingly, world food prices jumped nearly 13% in March 2022 to a new record high as the war in Ukraine caused turmoil in markets for staple grains and edible oils (Trompiz, 2022).…”

Section: Introductionmentioning

confidence: 99%

Inflationary Pressures Surrounding COVID – Are Price Increases Consistent With Changes in Costs

Chi,

Ziebart

2024

JABE

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Evidence suggests that companies are more eager to raise prices than to cut them (Karaian et al., 2023). Profit margins remain high even as inflation drops. This is accomplished by raising or holding prices steady as inflation shrinks. We examine the changes in selling prices and underlying costs between pre and post COVID periods. We expect that the shift in the relation between selling price and underlying costs prior to COVID would be less than the shift post-COVID. We investigate grocery food items because food inflation has been a main driver of inflation in the United States and other countries (Cavallo, 2022). Focusing on this specific cost behavior between the pre- and post-COVID periods allows us to measure the relationship between raising selling prices and related underlying increases in cost of goods sold and selling, as well as general and administrative expenses. The inference from our analyses suggests that food companies may have taken advantage of COVID-driven inflation to justify and increase their profit margins.

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COVID-19 and food inflation scares

Cited by 14 publications

References 0 publications

Effect of COVID-19 outbreak on the diet, body weight and food security status of students of higher education: a systematic review

Effect of COVID-19 outbreak on the diet, body weight and food security status of students of higher education: a systematic review

Global commodity market disruption and the fallout

Inflationary Pressures Surrounding COVID – Are Price Increases Consistent With Changes in Costs

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