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News & Articles By Ramon Tomey
05/08/2023
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By Ramon Tomey
Spain’s ongoing DROUGHT pushes global olive oil prices to 26-year high
An ongoing drought in Spain has pushed olive oil prices to record highs, and these prices are expected to stay at that level for some time. Citing data from the International Monetary Fund, CNBC reported that global prices of olive oil have hit $5,989.80 per metric ton (MT) – the highest in 26 years. Kyle […]
05/05/2023
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By Ramon Tomey
Burger King to close up to 400 locations in 2023
Fast food chain Burger King is set to close up to 400 locations across the country this year, with the under-performing ones being the first to go. According to the Daily Mail, Burger King CEO Joshua Kobza confirmed the closures after the company announced its results for the first quarter of 2023. The earnings release […]
04/11/2023
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By Ramon Tomey
British supermarket encloses BUTTER in security netting as UK food inflation persists
One supermarket in the United Kingdom has enclosed tubs of butter in security netting as food inflation persists across the country. According to the Daily Mail, one customer managed to capture the practice at an Aldi located in Kidbrooke district in southeast London. The said customer posted footage of the 600-gram tub of Lurpak butter on […]
04/10/2023
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By Ramon Tomey
718% profit from largest US egg producer sparks calls to BREAK UP Big Ag
Calls to break up Big Ag have resurfaced after a large egg producer in the U.S. announced windfall profits. A March 28 press release by Cal-Maine Foods said the Mississippi-based egg producer recorded a total revenue of $997.5 million – a 109 percent increase – for the quarter ending Feb. 25. Cal-Maine Foods’ profit for […]
04/05/2023
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By Ramon Tomey
High inflation in Pakistan triggers FOOD RIOTS
Consumer price inflation (CPI) in the South Asian nation of Pakistan jumped to an all-time high, triggering food riots. On April 1, the Pakistan Bureau of Statistics (PBS) said the country’s CPI jumped to a record 35.37 percent in March from a year earlier. It surpassed the 31.5 percent number recorded in February 2023 – […]
04/04/2023
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By Ramon Tomey
Restaurant industry collapsing across the US, with several popular chains permanently CLOSING DOWN numerous locations
Several U.S. restaurant chains are closing down different locations across the country to streamline operations and cut costs – a consequence of the Wuhan coronavirus (COVID-19) pandemic and labor shortages. A report by the Daily Mail named several chains that downsized their operations, including several familiar brands. Applebee’s Casual dining chain Applebee’s has closed around […]
03/23/2023
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By Ramon Tomey
Israel facing food shortages as Jewish Passover holiday approaches
Israel is facing a shortage of certain food items as the Jewish Passover holiday nears. According to the Jerusalem Post (JPost), Israelis preparing for the Jewish holiday could experience difficulties in finding meat. It added that if they do find meat on grocery shelves, they may have to shell out more. People of different religions are […]
03/15/2023
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By Ramon Tomey
Tyson Foods to close two chicken processing plants; almost 1.7K jobs affected
Meat giant Tyson Foods announced that it will close two of its facilities for processing chicken, affecting close to 1,700 jobs. The Springfield, Arkansas-based meat processing company confirmed the closure of its two plants – one in Van Buren, Arkansas and another in Glen Allen, Virginia – to CNBC. The Van Buren facility with 969 […]
03/09/2023
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By Ramon Tomey
European groceries seeing empty shelves due to worsening food shortages
Many supermarkets in Europe are seeing empty shelves, most especially for produce, thanks to food shortages in areas where these are procured. A March 8 article on Strange Sounds cited three locations that had their food production impacted – the Netherlands, Morocco and Spain’s southern Almeria region. Quoting a piece from the German Der Spiegel magazine, […]
02/15/2023
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By Ramon Tomey
High prices of Florida orange juice squeezing the budgets of American households
Prices of Florida orange juice have skyrocketed, further squeezing the budgets of American households. According to the Guardian, orange juice futures have almost doubled to $2.60 per pound over the last year. A year prior, it was only $1.40. The increase in orange futures also reverberated in the prices of orange juice in groceries. Back […]
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