Macroeconomics Food Prices See Biggest Surge in Nearly Two Years The lasting impact of the spring coronavirus lockdowns in major coastal cities coupled with a rebound in pork prices sent the cost of food soaring by 6.3 percent in July. That marked the fourth consecutive month of increases. While daily life has largely returned to normal in the coastal cities, emergent hotspots in inland cities like Wuhan or the recent isolation of 80,000 tourists in the popular vacation spot of Hainan, an island in South China Sea, demonstrate that market disruptions due to a questionable public health response will continue to have economic repercussions for the country. For consumers, the surge in food costs was the largest since September 2020 with por...

TAGS – Feed Grains, Soy & Oilseeds, Livestock, China