Welcome, Guest! - or
Easy to remember!  »  VinNews.com

New York - Bagel Prices Ballooning Across NYC

Published on: February 1, 2008 11:36 AM
Change text size Text Size  
Bookmark and Share

New York - It’s horrible. I don’t know what we’re going to do,” Arye Lewkowitz, owner of Daniel’s Bagels on Third Avenue, recently said “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.

The main reason for the spike is drought in Australia, which produced 30% less wheat than usual in 2007, sending already high prices through the roof. And the demand for wheat has only increased as diets in westernizing Asian countries like China place a greater emphasis on meat, funneling vast amounts of wheat toward livestock feed. To top it off, biofuels made from wheat are growing in popularity, while many American farmers are switching from wheat to maize to take advantage of ethanol subsidies.

Advertisement:

International wheat prices have increased by over 350% since 2003, with global reserves now at their lowest level since the early 1980s. [gothamist]


More of today's headlines

Pinned Topic Feb 1 2008 Ramat Beit Shemesh, Israel - A small contingent of Orthodox Jewish women in the Israeli city of Ramat Beit Shemesh, near Jerusalem, has taken the... Orange County, Monsey, NY - In the case of a Sephardic Congregation of South Monsey v. Town of Ramapo, the New York Appellate Court held that the building housing both...

 

Total16

Read Comments (16)  —  Post Yours »

1

 Feb 04, 2008 at 06:13 PM Reb Yid Says:

You'd think w/ a hole it wouldn't be able to balloon.

2

 Feb 04, 2008 at 12:11 AM Mark Levin is The Great One Says:

This is typical of the stupid lib yiddish people and press. WHO CARES! There are far worse issues. I went for pizza the other day and saw that a slice went up .25 in most stores.

3

 Feb 03, 2008 at 08:53 PM outrageous Says:

It is a himmel geshrai. Its is so crazy we should move to texas atleast the housing prices that actually fell not like Brooklyn, Monsey, etc... went up which is not shocking at all because all you selfish investors are helping us yidden pay more and more money. This is the only place in the country that we are suffering even more in texas atleast your paying 200K for a house so you can manage a bit with all the other skyrocketing prices but please have rachmunus on the yiden that are trying to make ends meet to lower the prices you bought your house for what the most 200 thousand and you want to be a chazer and make 3 or 4 or more times that much on your brothers cheshbon that is outrageous. raboisai we will have to do what our fathers and zaides did make our own food from scratch and sew our own clothing if we want to survive let alone live in comfort

4

 Feb 03, 2008 at 01:12 PM T. Says:

J2 on Broadway already raised prices- a slice of regular pizza costs 25 cents more.

5

 Feb 03, 2008 at 09:49 AM Anonymous Says:

how about potato flour ? itll be pesach all year round

6

 Feb 03, 2008 at 01:11 AM Anonymous Says:

"the demand for wheat has only increased as diets in westernizing Asian countries like China place a greater emphasis on meat, funneling vast amounts of wheat toward livestock feed."
And they didn't feed the livestock before they ate more meat? It seems like it would be the opposite-the livestock are being killed earlier so they don't live as long and have less years eating wheat.

7

 Feb 02, 2008 at 10:27 PM biGwheeel Says:

Anon. 1:23PM You misspelled some words; RAISING, PRICES, PIZZA.

8

 Feb 02, 2008 at 08:10 PM Anonymous Says:

here's a solution: DRINK ETHANOL!


Senator Mcain said this as a joke on an interview about what he would do to lower the oil prices last week.

9

 Feb 02, 2008 at 08:08 PM Anonymous Says:

AND NOW............



Pesach will cost an additional 60,000


In about a year or two it will be cheaper to go to a hotel for pesach.

10

 Feb 02, 2008 at 08:05 PM biGwheeel Says:

Anon. 12:17PM ....Let them eat cake. ...And we all (most of us, (those that know their History) anyway) know what happened to the person who coined that phrase. Queen Marie antoinette, who, when told that the people don't have [any] bread, responded, "Let them Eat Cake". [Un]fortunately , she ended up in the Gillotine.

11

 Feb 01, 2008 at 04:16 PM Anonymous Says:

It is not a joke. Demand for grains due to
1, production problems
2, More meat used in vegetarian counties(meat usesa lot of grain to grow)
3, grain products going to ethanol
Grain will cost a lot. This is the most economical food we have and it is going up.

12

 Feb 01, 2008 at 02:12 PM Anonymous Says:

I'm more worried about the increase in the price of simgle malt due to both the grain prices and the falling dollar. Bagels, I can do without!

13

 Feb 01, 2008 at 01:23 PM Anonymous Says:

OH VEY DAT MEANS ALL DA PIZZA STORES WILL BE RAISING DA PRICES FOR PIZZA.

r' VESLEY HILZ

14

 Feb 01, 2008 at 01:06 PM Anonymous Says:

What is going to happen to this country. Everything is going up!!! Who can make ends meet anymore? Is there any end in sight?

15

 Feb 01, 2008 at 01:05 PM Anonymous Says:

Isn't cake also made from wheat...

16

 Feb 01, 2008 at 12:17 PM Anonymous Says:

Let them eat cake.

17

Sign-in to post a comment

Scroll Up
Advertisements:

Sell your scrap gold and broken jewelry and earn hard cash sell gold today!