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High food pricesGuardian
•78% Informative
New paper looks at how grain prices spiked in 2022 as Covid snagged supply chains and Russia invaded Ukraine .
It calls for the creation of buffer stocks of grain that could be released during shortages or emergencies to ease price pressures.
Such a system would quell volatility that is a hallmark of the grain market and keep food prices down.
The United States Department of Agriculture already purchases food for aid programs to “stabilize prices in agricultural commodity markets by balancing supply and demand” China has reserves for grain and other foods, like pork, and has not had a food-inflation problem like the US .
Grain traders benefit from volatility and may oppose such a proposal.
VR Score
80
Informative language
78
Neutral language
49
Article tone
semi-formal
Language
English
Language complexity
59
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
3
Source diversity
3
Affiliate links
no affiliate links