Food Prices Go Up As Global Grain Price Increases

The video discusses the impact of global wheat market fluctuations on UK producers, leading to record-high grain prices. This affects various food products, causing price increases for consumers. The impact extends to animal feed, creating challenges for farmers. Despite price fluctuations, reductions are rarely passed back to consumers.

What has caused the increase in wholesale grain prices globally?

• Increased demand for organic products

• Technological advancements in agriculture

• A decrease in global population

• Production issues in countries like Russia and Kazakhstan

How are businesses like the artisan bakery in Somerset affected by the rise in wheat prices?

• They are able to reduce their costs

• They have to pass on the increased costs to consumers

• They are forced to close down

• They are unaffected by the price changes

Which of the following food items is NOT mentioned as being affected by the rise in wheat prices?

• Bread

• Pizza

• Rice

• Cereal

What is a significant concern for farmers regarding the future wheat crop?

• Reducing the use of fertilizers

• Finding new markets for their produce

• Sourcing enough wheat to feed cattle

• Increasing the variety of crops grown

What is the likelihood of businesses and consumers benefiting from a reduction in wheat prices?

• Guaranteed

• Very high

• Low

• Moderate