Food Prices Going UP!
Feb. 19, 2011, Growponics Americas (Tulsa, OK) – Have you noticed the price of food is going up, including fresh produce? Yesterday, I reached for a green pepper at the grocery store, and looked up at the price: $1.68 each! I put it back. I thought they were expenses a few weeks ago when they were 68-cents each.
What is causing this? It is a combination of factors, including weather (too much rain in California and freezes in Florida), and increased fuel prices.
Bloomberg reports that wholesale costs in the U.S. increased for a seventh consecutive month in January, led by higher prices for fuel. The producer price index rose 0.8 percent, Labor Department figures showed today in Washington. Growing economies in Asia and Latin America are boosting global demand for oil and other imported commodities, raising input costs for American fields and factories
The cost of food rose 0.3 percent in January from a month earlier, spurred by a 14 percent gain in vegetables. Energy prices rose 1.8 percent, led by higher diesel fuel and gasoline.
This trend of increasing costs has plagued food producers for the past eight months, and until now, producers have been absorbing these costs and taking in less profit in an effort to keep prices down. But, now, they are going to be passing these increases on to consumers, and prices will increase.
For this reason, Growponics Americas, is excited that our unique, proprietary, hydroponic greenhouse facilities are able to be built near any and all market areas in the Americas and provide local grown, fresh, healthy, safe, clean, tasty and consistent leafy greens and herbs to the local/ regional markets 24/7/365. Because we control the environment and location, we can offer our hydroponic produce at near field-grown prices being trucked in from the other side of the US and even other countries, like Mexico. Factors such as weather and fuel prices do not affect our costs to a great extent, so we can offer healthy, fresh and tasty food at competitive prices.
For more information about our systems, contact Growponics Americas on our homepage at www.growponicsamericas.com