Tsunami of price rises expected

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Tsunami of price rises expected
 © CyprusMail 2021
High fuel costs, shipping costs and animal feed have combined to see food prices spiral

Essential foodstuffs like bread, milk and meat may see a price surge of up to 20 per cent in the coming weeks and months, say industry insiders. Several factors – disrupted supply chains due to Covid-related measures, fuel hikes – have coalesced to form a cascade effect, and no one can hazard a guess as to when the kinks will straighten out.

This past week farmers warned of spiraling costs of animal feed and grains for human consumption. Animal feed has gone up 50 per cent while...

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Article automatically added to our system on Sunday, October 17, 2021

Tsunami of price rises expected

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