Looming grocery price shock to impact on these ASX shares

Consumers should brace for higher grocery prices, but you might be able to hedge against this through some ASX shares.

Experts are warning that you could get a price shock the next time you fill your basket at the local supermarket as a range of soft commodity prices have surged.

These include corn, wheat, soybeans, vegetable oils, reported Bloomberg. This small handful of staples, which form the backbone of much of the world’s diet, have become dramatically more expensive.

Soft commodity prices surge to eight-year high

“This week, the Bloomberg Agriculture Spot Index — which tracks key farm products — surged the most in almost nine years, driven by a rally in crop futures,” reported Bloomberg.

“With global food prices…