WHILE Jamaicans continue to moan about the cost of food, a report published Friday on Bloomberg , a US-based business publication, is suggesting there will be no relief soon.

The report titled ‘Food Bill Headache’, as part of Bloomberg’s efforts of “tracking COVID-19’s impact on trade”, said getting food on shelves will probably remain expensive for a while yet, even if crop prices decline.

 

The comments were attributed to Tosin Jack, a commodity intelligence manager at researcher Mintec in the UK. The article went on to say that although Jack sees agricultural commodity prices beginning to peak and likely retreating into the second half of the year, “it could take until at least 2023 [before] consumers feel the benefit at the checkout.”

 

The reason given is that the food supply chain is still grappling with the high cost of energy, packaging and transportation, as well as shortages of workers and shipping containers. Those issues, the article points out,

https://www.jamaicaobserver.com/sunday-finance/food-bill-headache_242613