US supermarkets stock up against rising food prices

In the US, supermarkets stock everything from frozen meat to candy to keep costs down.

Some markets have announced that they are stocking products in order to fill the shelves due to high demand.

According to Jefferies and NielsenIQ data, grocery sales in the USA increased by 15% in the week ending June 19 compared to 2 years ago and by 0.5% compared to last year.

Market managers draw attention to the tightness in food supply due to transportation costs and employment pressure, and state that stocking will also be challenging for food supply.

United Wholesale Markets CEO David Smith said, “We buy a lot of products. Our stocks have increased significantly compared to the same period last year”. Smith stated that the largest wholesaler, which has more than 3,000 stores, has recently increased its stocks by 15 to 20 percent, especially for packaged foods and foods with a long shelf life.

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