Another sign of increase in food cost caused by weather events. It is interesting to note the panic that is occurring already.
Can you imagine what it would be like when food is so scarce or expensive that it takes an entire days wage to purchase enough for one person to eat?
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Putin’s Grain Ban Coexists With Buckwheat Panic
For the outside world, the main result of Russia’s extreme heat and drought, and Prime Minister Vladimir Putin’s subsequent ban on the export of grain, is sharply higher wheat prices.
For Russians, the problem is more personal: a buckwheat panic.
The price of buckwheat groats, relished in Russia as a hot breakfast cereal or a savory side dish, has spiked more than 70% this year, even as the regulated local bread price remained constant. Even worse, beloved buckwheat — as important as potatoes or onions to eastern Europe’s bland diet — has disappeared from Moscow shelves over the weekend at stores including several Auchan hypermarkets.
Auchan says it’s aware of the increased demand for buckwheat, noting that its suppliers have boosted prices 30% amid the poor harvest. The French retailer added that it’s committed to low prices, and stores probably won’t have new supplies from the Altai Mountains crop until late September.
Official Russian statistics quoted buckwheat at 43.42 rubles ($1.42) per kilogram on August 16, but our visits to central Moscow stores Monday showed prices of up to 68.75 rubles. Even at the official price, buckwheat is now dearer to Russians than sugar, milk, and pasta per kilogram, and it’s approaching the price of canned meat.
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Link to full original article: Putin’s Grain Ban Coexists With Buckwheat Panic
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