Food Prices To Stay High Through 2012

March 10, 2011
Food Prices To Stay High Through 2012

Record food prices are likely to be sustained this year because of high oil costs and lower harvests through 2012, said the United Nations Food & Agriculture Organization, according to Bloomberg News.

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Editor's Insight: Rapidly rising fuel prices are the most recent setback for refreshment service operators.

Rising operating costs are a big reason that vending operators have to consider technology that allows pre-kitting and dynamic scheduling. These innovations allow vending operators to better address machine needs and at the same time minimize costs and improve return on labor. 03-10-11 Elliot Maras

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Food Prices Expected To Rise In 2013

Jan. 31, 2013
While the drought pushed up prices, food costs rose only 2.6 percent in 2012, less than the 3.7 percent growth in 2011, according to CNBC. The USDA expects a continued rise in...