News of soaring international agricultural prices

"Beyond the price of apples and green onions, global climate inflation is in full swing"

News of soaring international agricultural prices continued to emerge, looking at some of the typical item prices. (2020-present price trends)

In Japan, large beverage companies have stopped selling orange juice due to the recent surge in orange juice prices. The price of cocoa, the raw material of chocolate, has reached an all-time high. (The graph is going up really fast.) Olive oil has also soared, and BBQ, which used to advertise 100 percent olive oil, reportedly started mixing sunflower oil last year.

As always, one factor does not lead to a surge in prices. Robusta coffee, which is widely used commercially, seems to have been caused by a combination of crop problems, increased demand for coffee in China (the coffee industry's concerns + expectations were what 1.4 billion Chinese people who liked tea would drink coffee), and the change of crop from coffee to durian due to increased demand for durians in China.

The Eligno effect, which began last year, is very widespread. Now, the term inflation caused by the climate crisis - climate inflation - is also becoming commonplace.

There are limitations to shortsighted measures such as "If domestic apples are expensive, you can import mangoes and oranges." Comprehensive measures against food crises that will come repeatedly, such as farmers' measures, distribution system maintenance, and urban low-income households, are needed.