Pentallect Parter on Rising Food Prices

The video discusses the impact of the pandemic on food prices, highlighting tight labor markets and disrupted supply chains. It examines increased transportation costs and robust export demands, particularly from China, contributing to higher prices. The regulatory environment, including the Food Safety Modernization Act, is considered but not seen as a major cost driver. Weather and climate change, especially global warming, affect crop yields and produce shelf life, adding to food costs.

What has been a significant factor in the increased cost of transporting food products?

• Higher fuel prices

• Improved road infrastructure

• Decreased demand for transportation

• Increased number of transport vehicles

Which country has shown a robust export demand for pork, affecting prices?

• Brazil

• China

• India

• Australia

How does the Food Safety Modernization Act impact the food service industry?

• It has a minimal cost impact

• It reduces food quality standards

• It significantly increases costs

• It eliminates the need for traceability

What is a consequence of global warming on produce shelf life?

• Reduced shelf life

• Improved taste of produce

• No change in shelf life

• Increased shelf life

What is the primary purpose of growing corn and soybeans in the context of meat production?

• To feed livestock

• To use them as biofuels

• To export them as raw materials

• To produce vegetable oils