Decade-high Food Prices Hit Asian Consumers and Businesses (Nikkei Asia)

The impact of the soaring prices of agricultural staples from wheat to vegetable oils to sugar over the past few months is now hitting consumers and businesses in Asia.

Food manufacturers are offloading higher prices to households, which is weighing on consumption and potentially subduing any economic recovery from the COVID-19 pandemic in some countries. Some exporters and farmers are, however, benefiting from the favorable market conditions. READ MORE (GOOGLE CACHE)

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