War and adverse weather sets in to keep food prices high

Climate change and the war in Ukraine are set to keep food prices at far higher levels than before the Covid-19 pandemic, despite signs of moderation in global commodity markets, economists and agriculture experts have warned.

Wholesale food prices have stabilized over recent months, raising hopes that the surge in the retail cost of staples such as rice, bread and milk seen in the past two years will diminish in 2023.

The latest update of the food price index of internationally traded agricultural commodities, compiled by the UN Food and Agricultural Organization (FAO), published on Friday, posted its eighth consecutive monthly decline in November since peaking in March. The November index showed prices were just 0.3 per cent higher than a year earlier.

However, the stabilization in international markets is yet to translate into lower inflation for households around the world.

Line chart of Annual % change showing Moderation in food prices on global markets are yet to feed through into lower consumer inflation

Even if this does happen over time, costs are likely to remain well above pre-pandemic levels as the war and weather events limit producers’ ability to take advantage of higher prices by increasing supply.

“Normally the cure for high prices is high prices,” said Carlos Mera, senior analyst at Rabobank. “We do see a weakness in demand, but production has not been very elastic.”

After several years of bumper crops thanks to favorable weather conditions, grain prices firmed up during the pandemic because of hoarding by consumers, companies and governments. Even before Russia’s February invasion of Ukraine, which caused prices to spike because of the importance of both countries

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Downtown Aspen hungry for food options

Gucci will be moving into 204. S. Galena Street.
Carolyn Sackariason/The Aspen Times

As winter season kicks off, the downtown commercial landscape has experienced some moves in the retail world with new arrivals and the changing of locations, yet several restaurant spaces will remain dark until next year.

Almost a dozen spaces that used to be restaurants in downtown Aspen will remain closed this winter season, including a handful that have been closed for several years.

The historic building at 201 E. Main St., known to most as the former Main Street Bakery.
Anna Stonehouse/The Aspen Times

The longest that have remained closed are Main Street Bakery, which ceased operations in 2016 and is owned by prominent landlord Mark Hunt, as well as the former Over Easy and Aspen Brewing Co. space on Hopkins Avenue, which the Hillstone Restaurant Group purchased in 2017.

The building that used to house the Aspen Brewing Co. and Over Easy was purchased by the Hillstone Restaurant Group and has been empty since 2016.
Carolyn Sackariason/The Aspen Times

Brian Biel, vice president of the restaurant group, which owns the White House Tavern next door, issued a similar statement last week that the company has made in previous years.

“Hillstone is working with the city of Aspen to pull out its building permit and expects to start work on a new project soon,” he said via email.

Hunt told The Aspen Times this past February he hoped to start construction within a few months, but that

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Study Proves That Drinking Alcohol Is The Best Way To Deal With Your Annoying Family This Christmas

stress. anxiety. Money down the drain… Christmas time is supposed to be fun, but it can actually be quite the headache.

And let’s be honest, family can make it much harder… oh yes, Christmas time, and dealing with families.

A 2017 study pointed out that alcohol was indeed the favorite way to deal with your family (or your in-laws), during the holidays. In a 1,000-person survey consisting of 43% women and 57% men, the study found that a whopping 49% of respondents felt their family was more tolerable after the consumption of alcohol.

So, let’s take it a step further and examine how to actually use booze to offset the stressful “family time.”

After all, most of us aren’t living the classic Hallmark film this time of year.

Here’s your game plan this Christmas:

Prepare your body to drink early.

You want to be in the best shape possible going into Christmas Eve and Christmas. You need to be in optimal form to handle the most amount of alcohol possible, while remaining functional.

Road sodas.

Assuming you’re taking a train, or flight, or in the backseat of a car you’re going to want to have road sodas. Road sodas AKA alcohol on the trip there. Maybe some shitty wine in a carton – love those, or a beer, or a few swigs of the whiskey you planned on bringing as a gift for yourself.

If you’re on a plane, just start ripping through those Wild Turkey 101s like they’re about

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