If the ongoing hostilities in the Middle East and the blocking of the Strait of Hormuz affected only the prices of oil and gas, it could still be tolerated, but the impact of this conflict is very broad, the head of the Department of Agricultural Market Promotion of the Institute of Agricultural Resources and Economics, leading researcher Ingūna Gulbe, admits in an interview with LETA.
We have already experienced a very high level of food prices after 2022. If now again is expected rising food priceswhat parallels can we draw? How will people’s food buying habits change?
I would like to remind you – please do not buy large, useless stocks! Don’t buy buckwheat shelves empty, you won’t be able to keep them for many years to come, mealybugs will get in, and everything will have to be thrown away or given to animals. We just started buying something so that the shelves are empty, that’s how the merchants use it. There is a ripple effect and we are doing ourselves a disservice. That’s why we don’t stock up. So what are the products that we can store for a long time? Salt, sugar, canned goods. Little can be stored for a long time. That’s why we try to keep common sense.
The previous times also proved that nothing happened. After a while, the store shelves were full again, only with a higher price. Therefore, we do not raise our own prices. There will be food, there won’t be one product, let’s look at others.
