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{"ops":[{"insert":"Food prices often rise or fall with good or bad harvests or because of a change in demand. A\nrecent example is the price of Brazil nuts, which by May this year had risen over 60% on\nEuropean markets. Part of the reason for the price rise has been on the demand side.\nConsumption of Brazil nuts has increased as more people switch to healthier diets. This includes\nthe purchase of the nuts themselves and as part of healthier snack foods. With supply being\nrelatively inelastic, any rise in demand tends to have a relatively large effect on price. A more\nacute reason is on the supply side. There has been a very poor harvest of Brazil nuts. The nuts\nare grown largely in the Amazon basin which has been hit by drought linked to the El Nino\neffect. This, however, is only a temporary effect and future harvests should increase again as\nrainfall returns to normal. However, in the longer term, rainfall patterns may change with the\neffects of global warming.\n"}]}
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