News Corona crisis
America is in the stomach with huge bacon stock
Now that restaurants in the United States have closed, bacon on the cobblestones is hard to get rid of. The price has since fallen to its lowest point in 20 years.
The price of bacon has fallen to the lowest level since Bill Clinton was president, American media jokingly report. In recent months, the price, which is monitored by the US Department of Agriculture, has halved to about 40 dollar cents per pound (0,45 kilo).
Before the crisis started, stocks were already ample. In February, more than 70 million pounds were stored in US cold stores, the highest level in years. Due to the lockdown, stocks are now increasing rapidly.
Consumer ignores bacon
Bacon is mainly eaten outside the home in the US. Not least in the thousands of hamburger restaurants that can be found almost on every street corner. It is striking that the hoarding American does not stock up on bacon. On the other hand, there is a run on eggs and beef.
It is expected that the major supermarket chains will offer bacon in order to achieve additional sales. It is also possible that stocks will be bought up by speculators with a view to possible price increases after the crisis.
Many infections
The number of corona infections in the US is rising rapidly. At the beginning of April, more than 200.000 people were infected and 5.000 people died. Although President Donald Trump initially denied the pandemic, he now recognizes the seriousness of the situation. He has largely shut down public life until at least April 30.
Wouter Job
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