Effect Of Weekend Prices On U S Average Food Prices Classic Reprint

Author : United States Department Of Agriculture
Publisher : Forgotten Books
ISBN 13 : 9781396039317
Total Pages : 138 pages
Book Rating : 4.0/5 (393 download)

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Download or read book National Food Station written by United States Department Of Agriculture and published by Forgotten Books. This book was released on 2018-09-09 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from National Food Station: February 1974 Average retail food prices are likely to post sharper increases during the early months of 1974 than in late 1973. Grocery store food prices this winter may average around 5 percent above the fourth quarter of 1973. Prices for practically all major categories of food will be increasing, reflecting tightening supplies, higher farm prices, and rising costs of processing, transporting, and distributing food products. The outlook for food prices after the first quarter is much less certain. Upward pressure will continue to be exerted on food prices in the form of higher marketing and distribution costs, partly as a reflection of the energy situation. Reduced stocks of major farm commodities and processed food products, following 2 years in which total use exceeded production, will add further strength to food prices, at least until the size of new crops becomes apparent. While food prices for all of 1974 will average higher than in 1973, the extent of increase will depend on 3 major factors: How much food output is stepped up this year, the strength of foreign demand for food commodities, and conditions in the us. Economy. Under the expected or most likely conditions for each of these factors, retail food prices for all of 1974 may average about 12 percent above 1973, less than_ the percent increase a year earlier. In contrast to 1973, most of the annual increase will result from increased marketing costs. The rate of increase is expected to slow during the spring with second quarter prices averaging 2-3'percent above the first quarter. Little change is anticipated in food-at-home prices during the third quarter, likely followed by a small decline for the last quarter. Away-from-home food prices may continue upward throughout the year at a rate of about 2-3 percent per quarter. If food output increases much more than present indications suggest and at the same time foreign and domestic demand falls below current indications, food prices for all 1974 may average about 8 percent above 1973 due to the increases through midyear. On the other hand, if 197 4 food output turns out much below what is now indicated and demand proves to be stronger than expected, prices could average as much as 15 percent higher for the year. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.