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FoodReview: Understanding Food Prices

Rosanna Mentzer Morrison, Economics Editor

FoodReview No. (FR-20-2) October 1997

About this magazine

Grocery food prices are generally thought to be determined by three factors: prices farmers receive for their commodities, marketing costs incurred in changing these commodities into foods and delivering them to consumers, and consumer demand for food. Farm prices and marketing charges determine how much it costs to produce and market food, and consumer demand determines what consumers are willing to pay.

In this report ...

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Updated date: October 1997

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