Higher Food Prices Blamed on Higher Gas Prices
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Food prices are up and will keep fluctuating for the next several years because of new demands for corn. According to government surveys, egg prices are up nearly 19 percent in the past year, because of corn based feed price increases. The change hit home, at Channel 3's Memorial Day bbq: Senior Producer Jason Holder made 6 dozen deviled eggs: last year it would have cost $5, this year it was between $10 and $15.
Galeville Grocery's Bernie Rivers is keeping an eye on price increases--and the reasons. There's a fuel charge added on to deliveries, and that drives costs up, across the board.
In addition, most processed foods include corn syrup. Farmers are planting record amounts of corn this year, but their crop will go not to food, but to ethanol, the corn-based fuel additive.
Even bread prices are expected to increase, because farmers are planting more profitable corn instead of wheat.
Rivers says we'll get thru this supply and demand fluctuation, and says it might even be better to pay a bit more for food, if it's better for our environment.