Nicole Spector
·2 min read
It was a bad year for food shortages in 2022, with categories including eggs and baby formula hit hard. Unfortunately, 2023 could see its own batches of food shortages. Here’s what consumers should start stocking up on now before prices soar and products likely become harder to find on store shelves.
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1. Corn
Historically, Ukraine has been one of the world’s leading providers of corn, but that’s all changed since Russia’s invasion — which has no end in sight. As such, we’ll be seeing less corn. This is a pretty major issue since corn is an ingredient in so many other American products, including chips, salad dressings and even soda.
2. Bread
A bread, flour and wheat shortage are likely on the horizon largely because of the ongoing war in Ukraine. Russia and Ukraine account for close to 20% of the world’s cereal grain production.
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3. Vegetable Oil
Several vegetable oils — canola oil, sunflower oil, soybean oil and palm oil — are expected to be in short supply over the next several months. This is due to a few factors, including Indonesia’s decision to halt the export of palm oil and continuing droughts around the globe.
4. Baby Formula
The ongoing baby formula shortage is expected to last through the spring of 2023, according to a recent report from Reckitt Benckiser, the maker of baby formula giant Enfamil, Reuters reported. The shortage is persisting mainly because the issues that led to the initial shortage last year — including the pile of recalls and labor shortages — led to such a monumental supply shock.
5. Champagne
Hopefully you got your fill of champagne on New Year’s Eve, because 2023 is looking a bit dry on the bubbly. There has been a huge surge in consumer demand for champagne. Between 2020 and 2021, U.S. sales leapt by nearly 64 percent, according to Comité Champagne, and demand persisted through 2022. This put stress on champagne producers who are now struggling to keep up supply.
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6. Canned Pet Food
If ever there was a time to start making your own pet food, it’s now. Thanks to an aluminum shortage, canned pet food could be harder to come by in the new year.
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This headline has been updated with additional information.
This article originally appeared on GOBankingRates.com: These Foods Will Be In Short Supply In 2023, So Stock Up Now (Or Find Alternatives)
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Information Related to the Article
The article discusses potential food shortages in 2023 and advises consumers on what to stock up on to prepare for potential price increases and product scarcity. The specific food items mentioned in the article are corn, bread, vegetable oil, baby formula, champagne, and canned pet food.
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Corn: The article mentions that Ukraine has historically been a leading provider of corn, but due to Russia's invasion, there may be a shortage of corn, impacting various American products such as chips, salad dressings, and soda.
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Bread: The ongoing war in Ukraine is expected to lead to a shortage of bread, flour, and wheat, as Russia and Ukraine account for a significant portion of the world's cereal grain production.
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Vegetable Oil: Several vegetable oils, including canola oil, sunflower oil, soybean oil, and palm oil, are expected to be in short supply due to factors such as Indonesia's decision to halt the export of palm oil and continuing droughts around the globe.
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Baby Formula: The ongoing shortage of baby formula is expected to persist through the spring of 2023, attributed to issues such as recalls and labor shortages.
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Champagne: There has been a surge in consumer demand for champagne, leading to stress on producers and potential struggles to keep up with supply.
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Canned Pet Food: Due to an aluminum shortage, canned pet food could be harder to come by in the new year.
I hope this information helps you prepare for potential food shortages in 2023. If you have any further questions or need more details, feel free to ask!
