World Market Food Price Drop Fails to Reach Kitchen Tables

Despite falling global food prices, food prices remain high for consumers due to factors such as energy costs, processing costs, transportation costs, and labor costs. In addition, consolidation in the food industry has reduced competition, allowing companies to raise prices. A strong dollar is also to blame for keeping prices high outside the US. Rising food prices have led to inflation and hardship for families around the world, with some resorting to going meatless or skipping meals altogether.