The author argues that The New York Times is wrong to attribute rising seafood prices to climate change and “gentrification,” since seafood prices have always fluctuated due to many factors. While climate-related events have added volatility over the past 20 years, the author, citing ClimateRealism, says rising demand is also a major driver. Sales reports for 2024 showed four-year sales growth of 31% for frozen and fresh fish and 23% for shellfish. Fuel costs are a key factor, with marine diesel above $7 a gallon compared with about $6.50 last year, affecting large boats and commercial crabbing vessels that can need 48,000 gallons or more. The author calls the gentrification framing class envy and notes that cheaper commercially raised fish is widely available.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on redstate.com ↗
Keywords
inflationfood pricesfuel pricesclimate change
Open a keyword to see other news on the same topic.
Related news
- NLC , Falana , activists rally Nigerians against fuel price hike
Labour leaders and pro-democracy activists, including the NLC and lawyer Femi Falana, urged Nigerians to unite against rising petrol prices, accusing the government of impoverishing workers while enriching a privileged few. The NLC said a bag of rice has risen from about ₦30,000 to over ₦80,000 and a loaf of bread from about ₦500 to ₦1,500, while the ₦70,000 minimum wage set in July 2024 is now a “cruel joke”. When that wage was set, petrol sold for about ₦668.30 per litre, but it now exceeds ₦1,400 per litre in many areas. The NLC issued a two-week ultimatum on October 9 demanding an immediate cut in petrol prices, and also called for steps to stabilise the naira, reduce inflation and strengthen domestic refining.
- Frank Elderson: From Climate and Nature Risks to Economic Resilience and Competitiveness
In a keynote speech at the Green Swan 2026 Conference in Manila, ECB Executive Board Member Frank Elderson argued that climate change and nature degradation will continue to shape economies. He noted that summer 2026 was the warmest ever recorded in Western Europe, with severe droughts, wildfires and very low river levels affecting transport, industry and energy production. Europe is warming more than twice as fast as the global average, and tens of thousands of excess deaths were linked to extreme heat during the summer months. He argued that climate and nature-related shocks add up and can leave lasting economic scars, such as reduced labour productivity, damaged infrastructure and output that stays below trend for years. These events have also already pushed up wholesale electricity prices and continue to influence food prices.
- Global food inflation expected to intensify , persist into 2027
Global food prices are expected to accelerate in the coming months and persist into 2027, as war-related shipping disruptions and El Niño-driven drought strain cereal supplies. Rice prices in Indonesia have hit record highs, bread in Egypt has risen by a quarter, and sugar prices in India reached an all-time high. According to the World Bank, food prices in the September quarter outpaced headline inflation in 22 per cent of the 150 countries it analyzed, up from 14 per cent in the previous quarter. The FAO Food Price Index averaged 136 points in September, its highest reading since November 2022. Analysts warn that record grain stocks are thinning and a surge in import demand could follow, raising the risk of social unrest and export bans.
- Global food prices set to climb as shipping shocks squeeze supplies
Global food prices are expected to accelerate in the coming months and stay high into 2027, as war-related shipping disruptions and El Nino-driven drought squeeze cereal supplies. Rice prices in Indonesia have hit record highs, bread costs in Egypt have risen sharply, and sugar prices in India reached an all-time high. The FAO Food Price Index averaged 136 points in September, its highest since November 2022. The World Bank found food prices in the latest quarter outpaced headline inflation in 22% of 150 countries analysed, up from 14% previously, hitting the poorest consumers hardest.
- Retirees Are Paying 30 % More for Groceries Than 6 Years Ago - Why They Could Go Higher This Winter
According to the BLS, grocery prices fell 0.1% in September, but the Center for American Progress found prices have risen about 30% over six years, placing heavy strain on retirees. For example, ground chuck averaged $6.48 per pound in September, down 29 cents from August but still about $2.32 more than in September 2020. The USDA projects average grocery prices to rise 2.4% this year, with beef and veal up 9.4% while eggs fall 29.4%. Social Security benefits will rise 3.6% from January 2027, about $75 more per month for the average retired worker, against average grocery spending of about $438 a month for households headed by someone 65 or older in 2024. The increase can help, but it won't necessarily restore what years of higher prices have taken from retirees' budgets.
- Global food inflation is expected to intensify as supply shocks pile up
Global food inflation is expected to accelerate in the coming months and persist into 2027, as war-related shipping disruptions and El Nino-driven drought squeeze cereal supplies. The FAO Food Price Index averaged 136 points in September, its highest since November 2022, and the World Bank found food prices rose faster than headline inflation in 22% of 150 countries in the September quarter, up from 14% previously. Wheat prices are up more than 30% in 2026, rice prices in key Asian exporters have risen 10% to 13%, and Indonesia's rice prices have hit record highs. The poorest consumers in low- and middle-income countries are hit hardest, raising the risk of social unrest and export bans, and freight rates on some key routes have risen about 50%.
Related markets
Latest news
- One of this year's most important relationships in global financial markets is falling apart
One of the most important relationships in global markets has started to unravel over the past couple of weeks. Investors are scrambling to work out what it could mean for the economy and their portfolios.
- 2 High-Flying Dividend Stocks to Buy and Hold for a Decade
The article argues healthcare is rebounding in 2026, with Merck (MRK) shares up 39% and AbbVie (ABBV) up 24% year to date, versus about 12% for the S&P 500. Merck's second-quarter revenue rose 5% to $16.6 billion, beating estimates, with Keytruda sales of $8.4 billion, though Keytruda may lose patent exclusivity by 2028. AbbVie's second-quarter revenue grew 10.2% to nearly $17 billion and adjusted EPS rose 22.9% to $3.65, driven by Skyrizi and Rinvoq sales growing about 24%. AbbVie is on a streak of 54 consecutive annual dividend increases, including its time as part of Abbott Laboratories, qualifying it as a Dividend King. The author concludes both are attractive long-term holdings based on financial results, pipelines, and dividends.
- Nvidia (NVDA) Stock Price Lags Massive Earnings Growth—A Compelling Value Opportunity
Munro Partners' Munro Global Growth Fund posted a -12.6% net return in Q3 2026, trailing the MAET.ASX return of -13.8%, with long holdings the main detractors. The fund's letter named NVIDIA (NASDAQ:NVDA) its largest contributor, citing strong earnings growth and guidance for at least 70% revenue growth next fiscal year, versus consensus of 45%. Nvidia reported quarterly revenue of USD96.2bn in August, up 106% year on year, and management said growth would have been closer to 100% without supply constraints. As of October 12, 2026, NVDA closed at $214.13, down 4.23% over the past month and up 19.23% over the past year, with a $5.16 trillion market cap and a 52-week range of $164.27 to $243.37. The fund says demand for semiconductors and AI remains strong, creating a constructive setup as capex and political fears are now priced in.
- Better Artificial Intelligence Stock for 2026: C3.ai vs. SentinelOne
The article compares C3.ai, which sells enterprise AI applications, with SentinelOne, which provides AI-powered autonomous cybersecurity. In fiscal 2026 (ended April 30), C3.ai's revenue was nearly $250.3 million, down 35.7%, with a net loss of $470.4 million and negative free cash flow of $190.7 million. SentinelOne's fiscal 2026 (ended January 31) revenue reached $1.0 billion, up 21.9%, with a net loss of $450.7 million and free cash flow of about $75.9 million, though stock-based compensation equaled roughly 388.4% of operating cash flow. The article cites C3.ai's restructuring plan from February 2026 and long government sales cycles as risks, and SentinelOne's competition from larger vendors and reliance on Amazon hosting. It says SentinelOne trades at a lower valuation relative to sales, while C3.ai has no future earnings estimates.
- Salazar Resources to Begin Drilling the Yumi Gold-Silver Veins at Tarqui, with Porphyry Drilling Planned at Monja, Ecuador
Salazar Resources closed a $3,500,000 non-brokered private placement announced on October 8, 2026, and outlined its exploration plan. Phase 1 is about 1,500 metres of drilling in five holes at the Yumi gold-silver veins on its 100%-owned Tarqui project, with drilling expected to begin in late October 2026, and the veins have not previously been drilled. Selective rock-chip samples returned 105 g/t Au and 1,038 g/t Ag, and historical BHP holes intersected porphyry-style mineralization nearby, which the company interprets as lying on the periphery of a porphyry center not yet located. Phase 2 contemplates up to about 3,500 metres of drilling in four holes at the 100%-owned Monja copper-gold porphyry target from the first quarter of 2027, subject to surface access and permits. A soil survey of about 895 samples is also planned at Quimi, part of the Tarqui-Quimi project.
- Musk: AI’s Hard Part Is “Scaling Power”: 3 Stocks Uniquely Suited to Win This New Bottleneck Trade
Microsoft said it will scale its Maia chips to multi-gigawatt deployments starting next calendar year, and Elon Musk said scaling power is the hard part of AI. The article argues power is an input that chip and app companies cannot copy quickly, which favors Vistra (VST), Constellation Energy (CEG) and GE Vernova (GEV). Vistra has lost nearly a fifth of its value over the past year even though its adjusted EBITDA rose to $5.91 billion, while Constellation's normalized EPS is expected to reach $13.29 in fiscal 2027. GE Vernova's revenue is expected to reach $60.7 billion by fiscal 2028, and Jefferies has a $298 price target on Vistra. The article warns that all three stocks could move with the mood around AI, regardless of their results.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.