Bloomberg called one of the reasons for the increase in prices for all products

The vegetable fuel boom has been the main reason for the rise in prices for almost all food products in the world. 

Large energy companies have begun to actively engage in the production of vegetable fuels around the world.

In this regard, the agency writes, there was a sharp demand for beans, corn and other crops from biofuel producers. This has made a tangible contribution to the rise in food prices, reports Prime.

it is noted that food can become even more expensive in all countries of the world. This is affected by programs to combat climate change.

While energy companies are increasing the amount of fuel obtained from the processing of vegetable and animal fats, grains, legumes, SUGAR, prices on food exchanges are rising at an unprecedented rate. In particular, high demand for soybean and palm oils and corn "increased the price tag" for these goods by half in a year. Sugar has risen in price by half. Food prices - from animal feed to chocolate - have skyrocketed to their highest levels in seven years. 

As an example, the agency cites the transformation of an oil refinery into a "green" one. Phillips 66 's San Francisco plant , which over the past year has become one of the largest renewable fuel production facilities in the country.

Food prices in RUSSIA and their change for the year, data for April 2021

According to the American bank JPMorgan Chase, by the end of 2024, the production of renewable diesel fuel in the United States will increase by almost 6 times. This will only exacerbate food shortages and unemployment around the world.