Food prices are high, but what lies ahead?
Rising prices — especially for food — are grabbing headlines, but the course of the Covid-19 pandemic, the war in Ukraine, slumping consumer demand, and supply chain disruptions are all feeding into an exceedingly muddy economic picture. Yet when it comes to food and commodity inflation, the worst may be over.
U.S. trade commission rejects fertilizer duties
The U.S. International Trade Commission on Monday voted to reject steep duties on ammonium nitrate fertilizers from Trinidad and Tobago and Russia, going against a recommendation for tariffs from the Commerce Department.
TODAY’S QUICK HITS
Manure-eating worms: At one dairy farm, half a million gallons of farm wastewater is pumped through a gigantic bed of earthworms, cutting nitrate pollution and lowering greenhouse gas emissions. (InsideClimate News)
Food aid for Horn of Africa: The U.S. will give $1.2 billion in an immediate response to hunger in Somalia, Kenya and Ethiopia (Laura Kelly, The Hill)
U.K. swelters: Millions of people in Britain stayed home or sought shade during England’s first-ever extreme heat warning, part of the heat wave that is broiling Europe. (Washington Post)
Hard times for hummus: Chickpea yields may drop by 20 percent this year, due to weather, war and shipping woes. (Modern Farmer)
