Page 9 - Food Prices
Higher food prices to aid farm income, even as costs rise: BofA Securities
A normal monsoon will help raise agri output while higher food prices will help increase farm incomes, says the report
 "Higher food prices to aid farm income, even as costs rise: BofA Securities")
New Zealand's annual food prices rise 6.4%, hike across all food categories
"Inflation of food prices has generally been increasing since a low of 0.5 percent in the year to March 2021," consumer prices manager Katrina Dewbery said in a statement
 "New Zealand's annual food prices rise 6.4%, hike across all food categories")
Food, fuel price shocks from Ukraine war to last at least 3 yrs: World Bank
Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end of 2024 and raise the risk of of stagflation, the World Bank said
 "Food, fuel price shocks from Ukraine war to last at least 3 yrs: World Bank")
Soyoil prices surge to record high as Indonesia bans palm oil exports
Loss of shipments from Ukraine, the world's top supplier of sunflower oil, and drought in the world's top soybean oil exporter Argentina had already sparked a sharp rise in global vegetable oil prices
 "Soyoil prices surge to record high as Indonesia bans palm oil exports")
IMF, World Bank chiefs warn of debt squeeze in world's poorest nations
As interest rates rise, the debt pressures are mounting on developing countries, and we need to move urgently towards solutions, World Bank President David Malpass said
 "IMF, World Bank chiefs warn of debt squeeze in world's poorest nations")
Soaring food, energy prices reach Asia to bring global inflation in sync
The turning point was Russia's invasion of Ukraine, which triggered an upheaval in commodities markets.
 "Soaring food, energy prices reach Asia to bring global inflation in sync")
Food prices likely pushed India inflation to 16-mth high in March: Poll
The full effect of the spike in crude oil and global energy prices following Russia's invasion of Ukraine in late February is not expected to appear in consumer prices until April
 "Food prices likely pushed India inflation to 16-mth high in March: Poll")
A world that's more expensive is starting to destroy demand
Global food prices set a record last month, according to UN, as Russia-Ukraine invasion disrupted shipments from countries that, together, supply 1-quarter of world's grain and much of its cooking oil
 "A world that's more expensive is starting to destroy demand")
Rising food prices may prompt unrest in poor countries: WTO chief
WTO chief Ngozi Okonjo-Iweala said that food price growth that's happening as a result of the situation in Ukraine may prompt unrest among undernourished people in poverty-stricken countries.
 "Rising food prices may prompt unrest in poor countries: WTO chief")
Ukraine war hitting poor countries dependent on wheat, says UN chief
UN chief has warned that Ukraine war is holding a sword of Damocles over global economy, especially poor countries that face surging food, fuel prices and are now seeing their breadbasket being bombed
 "Ukraine war hitting poor countries dependent on wheat, says UN chief")
Russia-Ukraine crisis: Food prices set to zoom on threat to shipments
Ukraine and Russia together account for more than a quarter of the global trade in wheat, as well as a fifth of corn sales
 "Russia-Ukraine crisis: Food prices set to zoom on threat to shipments")
Deepening tensions seen curbing food supplies, lifting prices: Traders
A lack of supplies from the Black Sea region could lift demand for the bread-making ingredient from the United States and Canada
 "Deepening tensions seen curbing food supplies, lifting prices: Traders")
India's retail inflation accelerates to 6.01% in January, hits 7-month high
Jan inflation has breached the upper limit of the Reserve Bank of India's tolerance band
Crop prices poised for record, signaling further food price pain
Prices across grains, oilseed and softs markets have rallied as supply shortfalls abound
 "Crop prices poised for record, signaling further food price pain")
World food prices ease in Dec, but hit 10-year peak in 2021: FAO
World food prices eased in December after four consecutive monthly gains but jumped 28% over 2021 for the highest average level since 2011, the U.N. food agency said on Thursday.
 "World food prices ease in Dec, but hit 10-year peak in 2021: FAO")
2021, the year that was: Firms may no longer share higher cost burden
The concluding part of year-ender series looks at how inflation pinched consumers' pocket
 "2021, the year that was: Firms may no longer share higher cost burden")
India's retail inflation inches up to three-month high of 4.91% in Nov
Overall, inflation in the food basket was 1.87% in November compared to 0.85% a month earlier. However, it was significantly down from 9.5% in November 2020
 "India's retail inflation inches up to three-month high of 4.91% in Nov")
Retail-wholesale gap in prices of vegetables, edible oils widens in Delhi
Price difference stays largely flat for pulses during this period; govt starts cracking down on hoarders and black-marketeers
 "Retail-wholesale gap in prices of vegetables, edible oils widens in Delhi")
From India to US, sharpest rise in food price since 1970s challenges govts
Global food prices were up 33% in August from a year earlier with vegetable oil, grains and meat on the rise, data from the United Nations Food and Agriculture Organization show
 "From India to US, sharpest rise in food price since 1970s challenges govts")
Soaring cost of food is forcing families to scrimp at the dinner table
Food prices in July were up 31 per cent from the same month last year, according to an index compiled by the United Nations' Food and Agriculture Organization