High inflation doesn’t deliver higher returns to growers

Consumers are seeing inflation from many industries including food. U.S. government figures show that wholesale food prices surged 2.6 percent in May on top of a 2.1 increase...

By Greg Johnson
June 17, 2021

Consumers are seeing inflation from many industries including food.

U.S. government figures show that wholesale food prices surged 2.6 percent in May on top of a 2.1 increase in April, which experts say will raise the cost of groceries for upcoming months.

Yet we ran a story Monday from ProduceIQ showing the overall product market prices keep dropping, down nearly 10 percent from the previous week, according to the company’s index.

I talked with ProduceIQ CEO Mark Campbell June 16 to see why we have such a disconnect.

[iframe width=”600″ height=”400″ src=”https://www.youtube.com/embed/jMK2r_Q48Ls” frameborder=”0″ allow=”accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture” allowfullscreen]

Greg Johnson is Director of Media Development for Blue Book Services

nn-cta-image (1)

News you need.

Join Blue Book today!

Get access to all the news and analysis you need to make the right decision --- delivered to your inbox.

MEMBERSHIP BENEFITS

It’s not what you know,
it’s who you know.
Luckily, you know us

Subscribe to our newsletter