asia is a net food importing country again, whether it's palm oil or sunflower seed oil or soybean oil, they are heavy importers. asia imports their wheat from this region as well. so they're all directly impacted. what's going to happen is that food producers are going to have to then pass that on to the food manufacturers, food manufacturers then pass that on to the retailers. the retailers will then pass it on to the consumers. so, at the supermarkets, unfortunately, or in the markets generally, we will be seeing rising food inflation. and can we put a number on a rough estimate on these increases for the consumer? i would say a 20% increase year on year is something we've already been seeing. and obviously, that will depend on where you are, because some countries will look to subsidise their consumers and protect them from the rising raw material costs. others will pass that on,
Related Keywords
Food , Country , Wheat , Region , Sunflower Seed Oil , Palm Oil , Soybean Oil , Importers , Asia , Food Manufacturers , Food Producers , Food Inflation , Consumers , Number , Retailers , Markets , Supermarkets , Estimate , Countries , Increases , Something , Raw Material Costs , Others , Consumer , 20 ,
comparemela.com © 2020. All Rights Reserved.