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3 Food Stocks to Buy Ahead of a Holiday Season -Breaking

by Mike Robinson

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© Reuters. The 3 Best Food Stocks To Buy in the Preparation for Holiday Season

Due to tight supply chains and strong demand, food prices have skyrocketed. And because food prices are expected to remain high during the holiday season, we think it could be wise to bet on quality food stocks John B. Sanfilippo & Son (JBSS), HF Foods (HFFG), and Lifeway Foods (LWAY). So, let’s examine these names.While food demand is increasing, rising shipping rates and soaring commodity costs have caused food prices to soar. The United Nations reports that world food prices are at their highest point in over a decade due to strong demand and poor harvests. According to FAO Food Price Index data, October saw prices rise for the third month consecutively.

The holiday season will see a rise in food demand, with the first Thanksgiving coming up next week. Global Industry Analysts Inc. reports that the market for foodservice in global markets is projected to be $4.10 trillion by 2026.

So, we think it could be wise to bet on fundamentally sound food stocks John B. Sanfilippo & Son, Inc. (JBSS), HF Foods Group Inc. (HFFG), and Lifeway Foods, Inc. (LWAY) to capitalize on the increasing food prices.

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