“I’ve been buying today. Not fun. Spice prices are through the roof. Highest I have seen in the 23 years I’ve been doing this. “
If this pans out, think what the price is going to be next year for beef, pork and chicken. Some one told me the other day to stock my freezer with beef now because next year it will be through the roof.
1. The terrible weather conditions in China - specific to Garlic and vegetables.
2. California's over-regulation of their former Ag-business' virtually forcing them out of the state - specific to Garlic and Vegetables.
3. Increased affluence in China and India which have relatively recently made the transition from Survival cuisine to finer foods thus driving spice consumption.
In other words - don't stock the freezer with beef because black pepper doubled in price - but pay attention because ALL AG prices are going to go up.
Regards,
TS