Agricultural price index continues soaring — imminent grocery hikes

Major AG price index continues soaring, suggesting potential imminent grocery hikes

Ongoing spike could be signalling potential rise in food prices

By Daniel Payne

A major agricultural price index continued its spiraling rise this week, reaching significant new heights and potentially heralding an incoming hike in grocery prices as well.

Prices on Bloomberg’s Agricultural Spot Index finished Friday at $386, continuing a sharp spike after a brief dip at the start of the month which itself came after months of steady rise.

Analysts with Bloomberg noted that the index is the highest it’s been in eight years, indicating “flashing alarm signals for global shopping budgets.”

Consumers last year were already struggling with higher grocery budgets due to disruptions in the supply chain caused by COVID-19 lockdowns and fears of transmitting the virus.

Overall, the index was up roughly 70% from the same time last year. The continuing rise of those futures began early last summer and has continued mostly unabated since then.




U.S. stock futures post modest gains after Wall Street losses on reports of Biden investor tax hike

Weekly U.S. jobless claims last week drop to 547,000, a pandemic low

Georgia faith leaders urge boycott of Home Depot over voting law


(TLB) published this article with permission of John Solomon at Just the News.  Click Here to read about the staff at Just the News

Some emphasis and pictorial content added by (TLB)

Header featured image (edited) credit: Groceries in a supermarket (Diana Angstadt/Getty)



Stay tuned to …


The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)


Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.


Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.


Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.

Be the first to comment

Leave a Reply

Your email address will not be published.