Shiloh
Editor, Senior Moderator
Source: https://oilprice.com/Energy/Energy-...Soar-As-The-Oil-And-Gas-Crunch-Continues.html
Global Food Prices Set To Soar As The Oil And Gas Crunch Continues
By Felicity Bradstock - Oct 27, 2021, 1:00 PM CDT
Oil and gas prices have risen dramatically this year as a result of underinvestment and recovering demand.
Higher fuel prices are weighing on global food supply chains, with transportation and farming costs continuing to climb.
The hardest hit will, once again, be those living in developing economies that are still struggling to recover from the impact of the pandemic.
The potential for a knock-on effect of rising fuel prices to be felt by other industries is becoming more likely, as oil and gas prices continue to rise to an all-time high, companies are finding it hard to maintain their costs and may have to shift this burden to the consumer any day now. ..
Global Food Prices Set To Soar As The Oil And Gas Crunch Continues
By Felicity Bradstock - Oct 27, 2021, 1:00 PM CDT
Oil and gas prices have risen dramatically this year as a result of underinvestment and recovering demand.
Higher fuel prices are weighing on global food supply chains, with transportation and farming costs continuing to climb.
The hardest hit will, once again, be those living in developing economies that are still struggling to recover from the impact of the pandemic.
The potential for a knock-on effect of rising fuel prices to be felt by other industries is becoming more likely, as oil and gas prices continue to rise to an all-time high, companies are finding it hard to maintain their costs and may have to shift this burden to the consumer any day now. ..