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In July 1973, the Soviet Union purchased 10 million short tons (9.1 × 10 ^ 6 t) of grain (mainly wheat and corn) from the United States at subsidized prices, which caused global grain prices to soar. Crop shortfalls in 1971 and 1972 forced the Soviet Union to look abroad for grain.
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The US is the world's largest producer of corn. [8] According to the United States Department of Agriculture (USDA), the average U.S. yield for corn was 177 bushels per acre, up 3.3 percent over 2020 and a record high, with 16 states posting state records in output, and Iowa reporting a record of 205 bushels of corn per acre.
During this time, debate over tariffs and free trade in grain was fierce. Poor industrial workers relied on cheap bread for sustenance, but farmers wanted their government to create a higher local price to protect them from cheap foreign imports, resulting in legislation such as Britain's Corn Laws. [6] A grain elevator in Indiana, United States
Usage on es.wikipedia.org Precio de los alimentos; Crisis alimentaria mundial (2022-presente) Usage on fa.wikipedia.org اوجگیری تورم ۲۰۲۲–۲۰۲۱; Usage on fr.wikipedia.org Hausse du prix des matières premières des années 2020-2022; Usage on ms.wikipedia.org Pertambahan inflasi 2021–2022; Usage on ru.wikipedia.org
The Corn Laws were tariffs and other trade restrictions on imported food and corn enforced in the United Kingdom between 1815 and 1846. The word corn in British English denoted all cereal grains, including wheat, oats and barley. [1] The laws were designed to keep corn prices high to favour domestic farmers, and represented British mercantilism.
The usage of corn for maize started as a shortening of "Indian corn" in 18th-century North America. [22] The historian of food Betty Fussell writes in an article on the history of the word corn in North America that "[t]o say the word corn is to plunge into the tragi-farcical mistranslations of language and history". [8]
It is rare for price spikes to hit all major foods in most countries at once, but food prices suffered all-time peaks in 2008 and 2011, posting a 15% and 12% deflated increase year-over-year, representing prices higher than any data collected. [38] One reason for the increase in food prices may be the increase in oil prices at the same time ...