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Amazon prices for a five-pound bag of Nishiki rice rose from around $10 to a peak of $59.99 in March, and were about $20 by late April. Similar spikes occurred for pasta, peanut butter and other staples, driven partly by algorithmic dynamic pricing.
This is retail online pricing behavior rather than a change in underlying grain supply or demand, so it has little direct effect on commodity futures or feed prices.
themarkup.orgSara HarrisonApr 28, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
