Results tagged “australia”

First devastating weather patterns and destroyed coral reefs, then lousy harvests and global food shortages, now this: soaring beer prices. In an increasingly warmer world, precious, life-sustaining beer is becoming a luxury item. The past year has seen a drought in Australia, flooding in Germany, hailstorms in the Pacific Northwest, and lower crop yields throughout Europe – all resulting in a dramatic spike in the cost of grains and hops.

“It’s horrible. I don’t know what we’re going to do,” Arye Lewkowitz, owner of Daniel’s Bagels on Third Avenue, recently told Metro. “We’re going to have to sell a bagel for over $1.” Lewkowitz isn’t alone; bagel and bread prices are soaring nationwide due to the skyrocketing cost of wheat, which more than doubled in the past year in New York, from $5.31 a bushel to $14.22.