These 3 Pantry Staples May Soon Spike In Price, Experts Say
If you've noticed a lack of rain in your neck of the woods, it could spell trouble when it comes to the cost of the beloved, go-to staples in your pantry. California is currently being impacted by a severe drought, and it might end up raising the prices of several popular foods.
According to data from the National Integrated Drought Information System (NIDIS), the Golden State is already in the midst of its worst water shortage in four years. In fact, nearly 75% of California is in an "extreme drought."
Because of this, the land itself does not have enough water. Farmers and ranchers are unable to upkeep crops and feed their livestock, too.
That means that kitchen essentials like almonds, avocados, and milk will likely get more expensive, according to Insider. Keep in mind that California produces more than 25% of the country's food supply.
This isn't the first time the state has had to overcome this hurdle. Back in 2015, California faced a huge drought, and experts at the time predicted food prices would increase by 3%.
As of right now, it's a bit too soon to tell how and when the current drought may impact grocery prices, Dave Kranz, a California Farm Bureau spokesperson, told Insider.
"A lot of factors play into the prices people see at stores. The payment that farmers receive for their crops is a very small portion of the price shoppers pay," Kanz said. "Most of it comes from transportation, packaging, and marketing."
And California isn't the only part of the world that's suffering from a water shortage. Globally, this is a major issue, plus the world is still dealing with a pandemic.
In South America, drought has destroyed crops like coffee, corn, soybeans, and sugar. Pantry staples in countries such as Mexico and Kenya have soared in price. Plus, the prices of cooking oils have gone up, too.
The United Nations even noted that world food costs have climbed yet again, with May being the 12th straight month in a row in which this has happened.
"We have very little room for any production shock. We have very little room for any unexpected surge in demand in any country," Abdolreza Abbassian, a senior economist at the U.N.'s Food and Agriculture Organization, told Bloomberg. "Any of those things could push prices up further than they are now, and then we could start getting worried."
For now, don't panic too soon about food costs; but it's definitely something that you should have on your radar. Things could always change for the better. For more, be sure to sign up for our newsletter to get daily recipes and food news in your inbox.