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Tag: Equilibrium quantity

Liquid Gold? Sriracha Bottles Selling as High as $80

July 12, 2023 ~ EconEye Admin ~ Leave a comment

Prices for Sriracha are skyrocketing as the prolonged shortage of the chili peppers central to the recipe of the popular hot sauce is creating a Sriracha shortage.—usatoday.com

Satisfying Your Sweet Tooth is About to Get More Expensive

June 26, 2023 ~ EconEye Admin ~ Leave a comment

Cocoa yields are underwhelming due to crop disease and heavy rains, and compared to last year’s cocoa season, this year’s is showing a reduction in production. In the year through April, chocolate prices went up 14.5% on average compared to the same period the year before.—cnn.com

Platinum Market Seen Near Million-Ounce Deficit Amid Supply Shortage

May 18, 2023 ~ EconEye Admin ~ Leave a comment

The platinum market is forecast to move to a nearly one-million ounce shortage in 2023. Automakers are creating an upswing in demand as they substitute platinum for palladium in autocatalysts. Three-quarters of mined platinum comes from South Africa, where electricity shortages have significantly curtailed the refining.—wsj.com

Eye On

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