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Food costs could take more from your wallet
NISKAYUNA -- The price on some supermarket staples is on the rise. A weather phenomenon on the west coast could blow our prices off course here. If it happens, there will be an excuse to cry if you spill milk.
With a lack of rain out west, a half gallon can cost more than you might be willing to pay.
"That's going to be interesting to find out," said Don Bisgrove, General Manager of the Niskayuna Consumers Cooperative. "I think if it's going to be affected by a drought in California it's got to be a bigger demand put on New York milk."
The Co-Op sells a lot of local milk. Not on sale, a gallon of milk could go for about $2.59 right now.
"I'm buying orange juice on sale," said Marci Schaefer. "It might depend on how much it goes up. Buit for a family with a lot of kids it's going to be a problem."
"Califonria is also a big dairy state if they lose their dairy and the milk is shipped out to the west it'll probably bump up the price here for supply and demand," Bisgrove said.
Farmers are having to spend more money buying feed for their cattle elsewhere. While they can't control the weather, you can control what you buy.
"It would be great if there is a great source of local milk," said Marie Bosman. "New York does have a good supply of milk."
"Our Battenkill is all local and because it's local he doesn't fluctuate he doesn't ship out of the state he ships to the smaller stores," Bisgrove said.
According to an article on "24/7 Wall Street," the price for coffee and ground beef could also be on the way up. Orange juice prices could rise too because of a disease affecting Florida citrus trees.
But, a rise in the price for the big milk producers could work out for the hometown business and buyer. "It's a win for us," Bisgrove said of local producers, "because you're drinking local grass fed milk grown on a local farm probably for the same price possibly even less than the national brand milks."
Hannaford Supermarkets said it aggressively negotiates the best price possible especially when demand or weather put commodities under pressure. The best advice the store offers is use coupons and buy the store brand. It's usually the best way to save money.
Hannaford says by some measures only about 3 percent of all coupons distributed are redeemed. Also, stick to a shopping list to avoid spontaneous purchases and use unit prices next to the price for the item to compare and find the best value.
Our CBS 6 Fact Finders also discovered coffee prices are also on the rise. Wholesale prices have shot up to a two year high in part due to the drought in Brazil, where a third of the world's coffee is grown.
Beef prices are at their highest level in more than two decades. A dwindling number of cattle and growing export demand have tightened the supply and caused the average retail cost of fresh beef to climb to more than five dollars a pound.