By Michael Hirtzer
From Bloomberg News
America’s wheat crop is making a comeback. Too bad U.S. grocery shoppers want to buy less food made with it.
US Shoppers Buy Less Bread in Bad News for Farmers
Cookie and cracker unit sales were down 3.4 percent from the previous year and grocery-aisle bread sales fell two percent.
Breads are seen in a Kroger supermarket on October 14, 2022, in Atlanta, Georgia. Economic prospects are becoming "more pessimistic" in the United States on growing worries of weaker demand, the Federal Reserve said in a report October 19, 2022, citing heightened inflation and rising interest rates. Photo by Elijah Nouvelage / AFP
