Why Food Inflation Is Only Getting Started, June 17, 2022:"The US has just experienced an 8.8% increase in food prices. The problem (and there are many, actually) is that this doesn’t take into account the spiraling costs farmers are now experiencing.

It’s worth remembering that because farmers pay upfront and only recoup their expenses at the point of sale/harvest months later, all the opex they’ve experienced has a lag.

This lag is dependent on produce but certainly, we’re looking at a tsunami of food inflation 12 to 18 months out."

https://www.zerohedge.com/news/2022-06-17/why-food-inflation-only-getting-started

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