Global food prices continued to fall for the fifth consecutive month, with vegetable oil prices even falling below their August 2021 level, the United Nations Food and Agriculture Organization (FAO) said today. . The FAO’s food index, which tracks the monthly change in international prices of a basket of food staples, has steadily declined from […]
Tag: foods
Bloomberg: Drought from China to Iowa to pressure food prices
Drought is shrinking crops from the US farm belt to China’s Yangtze River basin, raising fears of global hunger and weighing on the inflation outlook. The latest warning sign comes from the American Midwest, where corn has dried out so much that ears are missing and soybean pods are fewer and smaller than usual. The […]
Zelensky: Ukraine has exported 1 million tons of agricultural products under the grain agreement
LAST UPDATE: 23.49 Ukraine has exported one million tons of agricultural products from its Black Sea ports under the terms of a grain deal agreed in Turkey, Ukrainian President Volodymyr Zelensky said on Friday, according to Reuters. In his evening speech, Zelensky stated that 44 ships have been sent to 15 states. Another 70 applications […]
Ukrainian food exports have fallen by almost half since the start of the war
Ukraine’s exports of agricultural staples have almost halved since Russia’s invasion of the country earlier this year, compared to the same period in 2021, according to Ukrainian agriculture ministry data released late Monday. night. Tomorrow, Wednesday, marks six months since the start of Russia’s invasion of Ukraine, which Moscow describes as a “special military operation”. […]
The US growing season begins with global food supplies at stake
Farmers from Nebraska to Ohio are heading into the final stretch of one of the most tumultuous growing seasons ever, with people nervously waiting to see if the U.S. corn and soybean harvests will be big enough to revive stocks that declined due to war and weather conditions, Bloomberg reports. A closely watched industry crop […]
Inflation is easing, but prices remain high
By Tasos Dasopoulos The economic staff is now focusing its attention on the price level and mainly on its effect on incomes, the real economy and the GDP, for the planning of the new package of business and household support measures which will be announced next month. The normalizing trend in the harmonized index of […]
Falling food prices will not end the problem of world hunger
By David Fickling The food crisis of 2022 seems to be receding after it “broke out” so suddenly. Red spring wheat rose to nearly $13/bushel in March, prompting the world’s biggest wheat importer, Egypt, to devalue its currency. It now trades around $8, down more than a third. Indonesia suspended palm oil exports in April […]
The domino of Europe’s great energy crisis has now passed to food
At Brioche Pasquier’s London factory, every roll that comes out of the company’s giant gas ovens has production costs increased by at least 50%. From butter to eggs and sugar, the prices of most raw materials used by the French bakery have risen following the commodity rally over the past year. But the company is […]
Inflation ‘slows down’, but prices soar – The trends for August and September
By Tasos Dasopoulos Signs of stabilization, after 11 months of rapid rise, shows inflation for July with estimates wanting to move in the region of 12% for the second month after June, without of course the wave of accuracy in fuel and food still showing signs of a visible retreat. As competent sources of the […]
UN: Food prices fall again in July
The United Nations food agency’s global price index fell again in July after hitting a record high in March. The Food and Agriculture Organization’s (FAO) price index, which records the monthly variation in international prices of a ‘basket’ of staple foods, averaged 140.9 points last month against a revised reading of 154.3 points in June. […]