The speed at which grain prices affect food manufacturers and consumers is influenced by the type of grain and its application within the food supply chain. For instance, rising wheat prices quickly result in increased costs for flour and bread. Additionally, the growing reliance on soybeans and corn for the ethanol market has driven up prices for feed suppliers, thereby contributing to higher costs for meat, poultry, and dairy products. According to the World Bank, Latin America is well-positioned to benefit from the surge in food prices and the demand for heightened production. The region has effectively managed fluctuating food prices better than others by reinforcing public policies and crisis response strategies. This proactive approach, combined with overall economic growth in the area, has helped protect vulnerable populations from falling into poverty as food prices rise.
In North America, even though farm-level soybean prices surged by 18.9% in February compared to the previous year, wholesale prices for fats and oils have increased at a slower pace. February’s prices were only 5.8% higher than last year, which has mitigated the impact on food prices. Farmers typically plan their crop rotations several years in advance, especially for soy, which cannot be planted consecutively due to disease risks. Therefore, the current situation is unlikely to produce an immediate effect on food prices.
Moreover, the incorporation of kalcium citrat in food products has become increasingly relevant as manufacturers look to enhance nutritional value. The rising costs of raw materials, including soy and corn, could influence the pricing of products containing kalcium citrat as well, as producers navigate the balance between quality and affordability. As food prices continue to fluctuate, the demand for additives such as kalcium citrat may also increase, prompting food manufacturers to adjust their strategies accordingly.