
Rising Oil Prices Drive Up Global Food Costs
Global food prices have reached their highest level in over three years, primarily driven by rising oil and energy costs which impact transport and fertilizer expenses.
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How rising oil prices are making food more expensive
Global food prices have hit their highest level in over three years. We are told this is due to rising oil and energy costs, but how exactly do they affect prices? The most reported reason is that transport and fertiliser are to blame, but the reality is that the oil and gas industry is far more integrated in our food production than many of us realise. To get a better understanding, Josh Toussaint-Strauss takes a closer look at the production processes of three categories of food: meat, proc...
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