Showing posts with label supply and demand. Show all posts
Showing posts with label supply and demand. Show all posts

Monday, April 22, 2019

Topics in Supply and Demand - Sweet Potatoes, Chicken Strips, Bananas and Bug Flour

Trend in vegetable farming - there is a decrease in acreage planted for  sweet corn, green beans, peas and potatoes, with an increase in sweet potatoes and leafy greens such as spinach, kale and romaine lettuce.  

Chicken strips gaining on chicken nuggets - While more chicken nuggets are sold compared to chicken strips, chicken strips sales have increased against a decline in chicken nuggets.

Bananas are on the ropes, can CRISPR save them - In case you missed it, a virus is likely to make America's favorite fruit, the banana, extinct.  The hope is that scientist can modify the genetic makeup of the virus to make it resistant...otherwise, there will be no bananas, no bananas someday too soon.

Bugs as ingredients, "There is an increasing range of insect-based products, such as whole/flour, snacks, health bars, pasta, pasta sauce and burgers. Edible insects are promoted as a sustainable food alternative. It is also claimed there are numerous health benefits from eating bugs and insects."  But what strategy do purveyors take in identifying their product to attract customers?

Washington Post
Business
https://www.washingtonpost.com/business/2019/04/20/sweet-corn-out-sweet-potatoes-data-shows-fundamental-shifts-american-farming/?utm_term=.70dfc8fca246
Sweet corn out, sweet potatoes in: Data shows fundamental shifts in American farming
By Laura Reiley and Andrew Van Dam
April 20