The covid-19 pandemic, the war in Ukraine and a host of other environmental issues are largely responsible for market disruptions. In addition to the fact that we are faced with price increases for various products, another problem is now threatening – a shortage.
Read below which products might disappear from the shelves.
Chickpeas
Hummus lovers should consider stocking up. Namely, there is a threat of a shortage of chickpeas – the main ingredient of hummus – and it could experience a drop in stocks of as much as 20%.
The war in Ukraine has prevented crops and exports from Russia and Ukraine – two countries that are significant producers of chickpeas. Australia and Mexico have also faced weather problems this year, including flooding, which has had a negative impact on their crops. At the same time, the demand for chickpeas continues to grow.
Corn
After surveying numerous corn fields in the Midwest as part of the Pro Farmer Crop Tour, the scouts found that huge amounts of corn are in less than ideal condition after a season of pest infestation, high heat and low rainfall. Several US states have lower yields than last year.
Unfortunately, the lack of corn also means a possible shortage of many favorite byproducts – cereal, corn syrup and popcorn.
Tomato products
The drought and unprecedented temperatures have added to the strain on farmers already dealing with inflation and rising fertilizer costs due to the war in Ukraine.
All of these adverse weather conditions could ultimately lead to many tomato-based products becoming less available. This includes ketchup, pasta sauce and the like.
Beer
Carbon dioxide is one of the key ingredients in the production of beer, and the supply of this gas has been unstable for years. In addition, beer producers are additionally struggling with an ongoing shortage of aluminum cans.
Frozen pizza
Carbon dioxide is also a key ingredient in the production of many frozen foods, including frozen pizza. It is commonly used as a refrigerant to preserve the taste and texture of frozen products during storage and transportation. In addition, it helps prevent food spoilage.
Therefore, pizza makers are facing similar problems as beer makers, and all of this could result in a shortage of those products.
Olive oil
The big producers of olive oil, Spain and Italy, are recovering from a terribly difficult summer. Summer temperatures broke records across Western Europe and a severe drought prevailed. Analysts estimate that olive oil production in Spain could fall by 25 to 30% compared to last year.
As for Italy, analysts forecast a drop in olive oil production between 20 and 30%. In addition to the weather, the war in Ukraine and problems with the supply chain further contributed to the increase in olive oil prices.
Chocolate
In the run-up to Halloween, there could be a shortage of chocolate. Namely, the candy manufacturer Hershey explained that due to the war in Ukraine, it is more difficult to obtain raw ingredients such as cooking oil and cocoa. At the same time, demand has grown incredibly. Seasonal products were neglected in order to fill store shelves and meet normal daily demand.
Turkey meat
Experts are predicting an upcoming turkey shortage, primarily due to the bird flu epidemic that has raged this year. Americans faced a similar turkey shortage in 2021, so they could be paying a higher price for turkey, according to Eat this.
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