A couple weeks ago, Indonesia banned exports of palm oil, causing the price of cooking oils and food to jump. Now India has restricted exports of its wheat which caused wheat prices on the stock mart to surge. So, get ready for bread and noodle prices to jump up even more. India was expected to be kind of the go to for world wheat as an alternative to Russia and Ukraine. India says they are making the restrictions in order to make sure they have enough for themselves. Other countries in the area have also put quotas on exporting grains.
With high prices, I can make a loaf of bread last a while, but I have to have noodles. I’ll keep buying angel hair pasta until it hits 3 dollars a pack. I’ve thought about making my own, but higher wheat prices means higher flour prices. That with higher egg prices makes it cost more to do homemade. We’ve already pretty much cut out steak. We eat a lot less seafood. I haven’t bought chocolate in months.