World food price index up for second month in April, says U.N. agency
8 months ago

World food price index up for second month in April, says U.N. agency

The Hindu  

The United Nations food agency's world price index rose for a second consecutive month in April as higher meat prices and slight gains for vegetable oils and cereals outweighed decreases for sugar and dairy products. The Food and Agriculture Organization's price index, which tracks the most globally traded food commodities, averaged 119.1 points in April, up from a revised 118.8 points for the previous month, the agency said on May 3. The indicator hit a three-year low in February as food prices continued to move back from a record peak in March 2022 at the start of Russia's full-scale invasion of fellow crop exporter Ukraine. 2024 brings breather on inflation but food prices are still sticky In separate cereal supply and demand data, the FAO nudged up its estimate of world cereal production in 2023/24 to 2.846 billion metric tons from 2.841 billion projected last month, up 1.2% from the previous year, notably due to updated figures for Myanmar and Pakistan.

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History of this topic

World food price index eases in Dec, pushed lower by sugar
5 days, 23 hours ago

World food price index eases in Dec, pushed lower by sugar

Live Mint  

ROME, Jan 3 - The United Nations' world food price index dipped in December against November levels, led lower by a drop in international sugar quotations, but still showed a robust gain year-on-year, data showed on Friday. For 2024 as a whole, the index averaged 122.0, 2.1% lower than the 2023 value, offsetting significant decreases in quotations for cereals and …

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%
Trending News
3 weeks, 3 days ago

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%

The Hindu  

India’s wholesale prices rose at a three-month low pace of 1.89% in November, easing from October’s 2.4% uptick, with food price inflation decelerating to 8.9% from a 25-month high of 11.6% in the previous month, even as manufactured products’ inflation accelerated to 2%. EDITORIAL | Price worries: On inflation Among manufactured products, some of the important groups that showed month-over-month …

Food prices are on the rise again. What’s behind the increase
3 weeks, 4 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

Food prices are on the rise again. What’s behind the increase
3 weeks, 4 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

Food prices reach 19-month high in November, UN says
1 month ago

Food prices reach 19-month high in November, UN says

Live Mint  

Food prices climbed to a 19-month high in November driven by vegetable oils, data from the Food and Agriculture Organization of the United Nations showed on Friday. The FAO’s food price index, which tracks global prices for a basket of staple foods, averaged 127.5 points in November, a 0.5% increase from October’s level and 5.7% higher than a year earlier. …

Rising food prices push India’s wholesale inflation to four-month high in Oct
Trending News
1 month, 3 weeks ago

Rising food prices push India’s wholesale inflation to four-month high in Oct

Live Mint  

India's wholesale price index -based inflation rose to a four-month high of 2.36% in October due to rising food prices, showed the ministry of commerce and industry's provisional data on Thursday. On a year-on-year basis, the core WPI print rose to 0.3% in October," said Rahul Agrawal, senior economist, Icra Ltd. Elevated food prices have also pushed India's retail inflation, …

​Surprise spike: On the Consumer Price Index
1 month, 3 weeks ago

​Surprise spike: On the Consumer Price Index

The Hindu  

India’s consumer prices have gained fresh momentum over September and October, rendering the tangible softening in inflation to a pace below the official median target of 4% in the two months preceding them, a fleeting reprieve. A sharp surge in vegetable prices, particularly tomato, from the onset of the festival-packed month of October, and an uptick in edible oil prices …

World food prices ease slightly in July, UN says
5 months ago

World food prices ease slightly in July, UN says

Hindustan Times  

The United Nations world food price index eased slightly in July according to data released on Friday, with a decline in the index for cereals offset in part by increases for meat, vegetable oils and sugar. The FAO Cereals Price Index declined 3.8% to its lowest level in nearly four years with global export prices for all major cereals falling …

Wholesale price inflation rises to 3.36% in June, highest in 16 months
5 months, 3 weeks ago

Wholesale price inflation rises to 3.36% in June, highest in 16 months

The Hindu  

Inflation in India’s wholesale prices accelerated to 3.4% in June, the highest in 16 months, from 2.6% in May, led by a spike in food inflation to 8.7% and a near-doubling in the rise of manufactured products prices to 1.43%. Pricier vegetables, cereals, and fruits spurred the rise in food prices paid by Indian consumers to a six-month high of …

World food prices hold firm in June, UN's FAO reports
6 months ago

World food prices hold firm in June, UN's FAO reports

Hindustan Times  

The United Nations world food price index held steady in June data showed on Friday, with increases in vegetable oil, sugar and dairy products offset by a fall in the price of cereals. The FAO index hit a three-year low in February as food prices receded from a record peak set in March 2022 following Russia's invasion of Ukraine. Cereal …

31%: The surge in food prices irking voters in the UK election
6 months ago

31%: The surge in food prices irking voters in the UK election

Al Jazeera  

The cost of living is a key issue in an election expected to end 14 years of Conservative Party governance. While inflation has finally returned to the central bank’s target of 2 percent after hitting double-digit highs in 2022 and 2023, people are still paying much more for essentials, including food, than they were just a few years ago. Food …

Wholesale price inflation rises to three-month high of 0.53% in March
8 months, 3 weeks ago

Wholesale price inflation rises to three-month high of 0.53% in March

The Hindu  

India’s wholesale price inflation rose to a three-month high of 0.53% in March from 0.2% in February, with the food index rising 4.65%, primarily led by cereals prices surging at a 12-month high pace even as the inflation in paddy, potato and onions accelerated. For the full year 2023-24, wholesale prices remained in deflationary mode, averaging -0.7%, the lowest pace …

Wholesale food prices spiked in February
9 months, 3 weeks ago

Wholesale food prices spiked in February

The Hindu  

India’s wholesale price inflation moderated to a four-month low of 0.2% in February from 0.27% in January, despite an acceleration in food and primary articles’ inflation rates, owing to a sharper year-on-year drop in manufactured products and fuel and power prices. The Wholesale Food Index picked up from 3.8% in January to 4.1% in February, while primary articles’ prices rose …

Food prices fall for first time since 2021 as inflation remains unchanged
10 months, 3 weeks ago

Food prices fall for first time since 2021 as inflation remains unchanged

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation unexpectedly held steady last …

Prohibitive price gains: On the Consumer Food Price Index
11 months, 3 weeks ago

Prohibitive price gains: On the Consumer Food Price Index

The Hindu  

Inflation measured by the Consumer Price Index expectedly quickened to a four-month high in December, with the measure of gains in food prices accelerating at a relatively faster pace as inflation in cereals and pulses stayed stubbornly sticky. While headline retail inflation ticked up by 14 basis points from November’s level to 5.69%, price gains measured by the Consumer Food …

Global food prices declined from record highs in 2022, the UN says. Except for these two staples
1 year ago

Global food prices declined from record highs in 2022, the UN says. Except for these two staples

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Global food prices declined from record highs in 2022, the UN says. Except for these two staples
1 year ago

Global food prices declined from record highs in 2022, the UN says. Except for these two staples

Associated Press  

ROME — Global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022, when Russia’s war in Ukraine, drought and other factors helped worsen hunger worldwide, the U.N. Food and Agriculture Organization said Friday. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities, was …

Acceleration foretold: On volatile food prices
1 year ago

Acceleration foretold: On volatile food prices

The Hindu  

November’s resurgence in headline retail inflation, while clearly not unexpected after the RBI just last week predicted a likely ‘uptick’, is a stark reminder of the risks volatile food prices pose. While the National Statistical Office’s provisional reading of headline inflation shows the Consumer Price Index rose by 5.55% year-on-year to a three-month high, from October’s 4.87%, food price gains …

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war
1 year, 3 months ago

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war

Associated Press  

How do you cook a meal when a staple ingredient is unaffordable? At Nairobi’s major food market, Wakulima, the prices for onions from Tanzania were the highest in seven years, seller Timothy Kinyua said. Tanzania’s onion limits this year are part of the “contagion” of food restrictions from countries spooked by supply shortages and increased demand for their produce, said …

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia's war
1 year, 3 months ago

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia's war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. At Nairobi's major food market, Wakulima, the prices for …

A surge foretold: On inflation data
1 year, 4 months ago

A surge foretold: On inflation data

The Hindu  

The latest NSO data, showing retail inflation accelerating to a 15-month high, comes less than a week after the Reserve Bank of India left interest rates unchanged even as it warned of “a substantial increase in headline inflation” in the near term. The primary driver of this surge was the food price component, with the Consumer Food Price Index-based inflation …

Global food prices rise after Russia ends grain deal and India restricts rice exports
1 year, 5 months ago

Global food prices rise after Russia ends grain deal and India restricts rice exports

LA Times  

A farmer works in a rice paddy in June on the outskirts of Guwahati, India. Global prices for food commodities including rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food …

Global food prices rise after Russia ends grain deal and India restricts rice exports
1 year, 5 months ago

Global food prices rise after Russia ends grain deal and India restricts rice exports

Associated Press  

LONDON — Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food and Agriculture Organization said Friday. The FAO Food Price Index, which tracks monthly …

Roiling resurgence: The Hindu Editorial on the Consumer Price Index data
1 year, 5 months ago

Roiling resurgence: The Hindu Editorial on the Consumer Price Index data

The Hindu  

The latest Consumer Price Index data showing a resurgence in retail inflation proves exactly why the RBI’s monetary authorities have reiterated the need to keep the policy approach firmly tilted towards ensuring price stability. The food price inflation was broad-based with 10 of the 12 sub-groups witnessing year-on-year increases: cereals registered 12.7% price gains, eggs logged 7%, dairy experienced 8.56% …

June 2023 inflation quickens to 4.8% as food prices climb
1 year, 5 months ago

June 2023 inflation quickens to 4.8% as food prices climb

The Hindu  

India’s retail inflation hardened in June to a three-month high of 4.81% from 4.31% in May, driven by a spike in food price inflation to 4.5% from less than 3% in the previous month, owing to rising costs faced by households for items like cereals, pulses, milk and tomatoes. While the pace of consumer price rise in June broke a …

Food prices fall on world markets but not on kitchen tables
1 year, 8 months ago

Food prices fall on world markets but not on kitchen tables

Associated Press  

A restaurant on the outskirts of Nairobi skimps on the size of its chapatis — a flaky, chewy Kenyan flatbread — to save on cooking oil. In the United States, where food prices were up 8.5% last month from a year earlier, he says that “75% of the costs are coming after it leaves the farm. Glauber, now a senior …

Consumer inflation eases to 5.66% in March
1 year, 8 months ago

Consumer inflation eases to 5.66% in March

The Hindu  

India’s retail inflation slid below the 6% mark for the first time in 2023 — and only the third time in the last 15 months — to touch 5.66% in March 2023. Food price inflation, which was 7.7% in March 2022 and 6% in February this year, eased to 4.8% last month, as per data from the National Statistical Office. …

Year of war in Ukraine left developing nations picking up pieces
1 year, 10 months ago

Year of war in Ukraine left developing nations picking up pieces

Al Jazeera  

Some of the harshest economic effects of the war are being felt much farther afield than Russia’s theatre of battle. Given the complex interplay between geopolitics, commodity prices and financial markets, Russia’s invasion sent shockwaves across the global economy, including developing countries. “The international community needs to adopt a portfolio approach to improve food resilience in developing countries,” Torero said, …

Global food prices in 2022 hit record high amid drought, war
2 years ago

Global food prices in 2022 hit record high amid drought, war

Associated Press  

ROME — Global prices for food commodities like grain and vegetable oils were the highest on record last year even after falling for nine months in a row, the U.N. Food and Agriculture Organization said, as Russia’s war in Ukraine, drought and other factors drove up inflation and worsened hunger worldwide. The FAO Food Price Index, which tracks monthly changes …

World food prices hit record high in 2022 despite December fall
2 years ago

World food prices hit record high in 2022 despite December fall

Hindustan Times  

World food prices eased in December marking the ninth consecutive monthly fall, but gained more than 14% in 2022 compared to the previous year, to reach the highest since records began, the U.N. food agency said on Friday. The Food and Agriculture Organization's food price index, which tracks international prices of the most globally traded food commodities, averaged 132.4 points …

Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter
2 years, 1 month ago

Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

How everyday food items have risen in price in the past 12 months
2 years, 2 months ago

How everyday food items have risen in price in the past 12 months

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The cost of food and …

Adverse Base Effect, Food Prices Raise Retail Inflation In August: Finance Ministry
2 years, 3 months ago

Adverse Base Effect, Food Prices Raise Retail Inflation In August: Finance Ministry

News 18  

The headline inflation, based on the retail Consumer Price Index, rose to 7 per cent in August 2022 due to an adverse base effect and an increase in food & fuel prices. “The headline inflation based on retail CPI recorded a moderate increase from 6.71 per cent in July 22 to 7.0 per cent in August 22. The finance ministry …

Global food price index falls for fifth consecutive month in August
2 years, 4 months ago

Global food price index falls for fifth consecutive month in August

Hindustan Times  

The United Nations food agency's world price index fell for a fifth month in a row in August, further from all-time highs hit earlier this year, as a resumption of grain exports from Ukrainian ports contributed to improved supply prospects. The Food and Agriculture Organization said on Friday that its price index, the most globally traded food commodities, averaged 138.0 …

UK food prices rise at fastest rate since global financial crash
2 years, 4 months ago

UK food prices rise at fastest rate since global financial crash

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The price of …

UN food price index falls in July for fourth month straight
2 years, 5 months ago

UN food price index falls in July for fourth month straight

Firstpost  

FAO said last month’s 8.6% decline was the steepest monthly drop in the value of the index since October 2008. Significant drops in the vegetable oil and cereal indexes United Nations: The UN Food and Agriculture Organization’s global food price index dropped for a fourth straight month in July, but was still 13% higher than in July 2021, the agency …

Wholesale inflation declines marginally to 15.18% for June, bucks 3-month trend
2 years, 5 months ago

Wholesale inflation declines marginally to 15.18% for June, bucks 3-month trend

Hindustan Times  

The annual rate of inflation based on all-India Wholesale Price Index is 15.18 per cent for the month of June, the government said on Thursday, in a marginal drop from May when the figure stood at 15.88 per cent. “The high rate of inflation in June is primarily due to the rise in prices of mineral oils, food articles, crude …

Global grain woes grow, but impact on China may be limited
2 years, 6 months ago

Global grain woes grow, but impact on China may be limited

China Daily  

A farmer harvests wheat in Nanyang city, China's Henan province, May 22, 2022. Since the beginning of the year, global grain prices have been at high levels, leading to a rise in the domestic grain CPI of 2.7 percent year-on-year, a record not seen since 2016. Since 2021, price transmission from the global corn and wheat markets to the domestic …

How did the Russia-Ukraine war trigger a global food crisis?
2 years, 6 months ago

How did the Russia-Ukraine war trigger a global food crisis?

Al Jazeera  

Russia and Ukraine export nearly a third of the world’s wheat and barley and more than 70 percent of its sunflower oil. Russia’s war in Ukraine is preventing grain from leaving the “breadbasket of the world” and making food more expensive across the globe, threatening to worsen shortages, hunger, and political instability in developing countries. It really has added an …

Will Food Prices Come Down After Wheat Export Ban, Duty Cuts, MSP Hikes? Experts Answer
2 years, 6 months ago

Will Food Prices Come Down After Wheat Export Ban, Duty Cuts, MSP Hikes? Experts Answer

News 18  

With retail inflation cooling to 7.04 per cent in May as compared with 7.79 per cent in the previous month, experts believe inflation this quarter may be lower than the RBI’s estimate of 7.5 per cent due to the impact of duty cuts, ban on wheat exports, and normal monsoon. “India Ratings and Research, however, expects retail inflation to remain …

Double whammy: Both farmers and consumers hit by high prices
2 years, 6 months ago

Double whammy: Both farmers and consumers hit by high prices

Associated Press  

ROME — Food import bills will reach a record high this year and food markets are likely to tighten around the world, according to a glum new forecast by a U.N. food agency. The forecast cited “soaring input prices, concerns about the weather, and increased market uncertainties stemming from the war in Ukraine,’’ which has seen millions of tons of …

Global wheat prices jump after India export ban and Ukraine war: Food and Agriculture Organisation
2 years, 7 months ago

Global wheat prices jump after India export ban and Ukraine war: Food and Agriculture Organisation

The Hindu  

The price of wheat has jumped in the international markets after India announced a ban on the export of the staple cereal and due to the reduced production prospects in Ukraine following the Russian invasion, the UN food agency has said. “The steep increase in wheat prices was in response to an export ban announced by India amidst concerns over …

Global wheat prices jump after India export ban and Ukraine war, says UN food agency
2 years, 7 months ago

Global wheat prices jump after India export ban and Ukraine war, says UN food agency

India TV News  

Highlights Price of wheat has jumped in the international markets Last month, India banned wheat exports amid concerns of wheat output Russia-Ukraine war is another major reason behind surge in prices The price of wheat has jumped in the international markets after India announced a ban on the export of the staple cereal and due to the reduced production prospects …

Investors cash in on food commodities as the poor go hungry
2 years, 7 months ago

Investors cash in on food commodities as the poor go hungry

The Hindu  

Published : Jun 03, 2022 15:46 IST Rising consumer prices are aggravating food shortages around the globe, and investors looking to make a buck off food commodities could be making matters worse. “In Uganda, wheat and fuel prices have skyrocketed, making everyday goods like bread almost unaffordable to an ordinary citizen,” Anna Slattery, external affairs manager at The Hunger Project, …

IMF: Rising food and fuel prices stoke risk of unrest in Africa
2 years, 8 months ago

IMF: Rising food and fuel prices stoke risk of unrest in Africa

Al Jazeera  

Experts have been sounding the alarm that the Ukraine conflict could lead to food insecurity across parts of Africa. Surging food and energy prices stoked by the war in Ukraine may lead to “social unrest” in Africa, the International Monetary Fund has warned. “The war in Ukraine has triggered a sharp increase in energy and food prices that could undermine …

WPI: Still in the red category
2 years, 8 months ago

WPI: Still in the red category

Hindustan Times  

The wholesale price index grew to 14.5% year-on-year in March, as per the Union ministry of industry and commerce. The latest data makes 2021-22 the first fiscal year since 2011-12 when wholesale inflation was in double digits. The Consumer Price Index — the benchmark inflation measure in the economy — has also stayed above the upper limit of the Reserve …

Inflation At 17-Month-High: People Paying One-Fourth More In April; Will Prices Rise Further?
2 years, 8 months ago

Inflation At 17-Month-High: People Paying One-Fourth More In April; Will Prices Rise Further?

News 18  

Even as retail inflation in March touched a 17-month-high level, the prices of key commodities remain high this month also. The latest Consumer Price Index -based inflation data released recently showed that the retail inflation in March touched a 17-month high of 6.95 per cent, led by a jump in the prices of fuel and food items such as vegetables, …

Retail inflation in March nears 7 per cent
2 years, 8 months ago

Retail inflation in March nears 7 per cent

Deccan Chronicle  

New Delhi: Signalling a sustained rise of food prices, India's retail inflation accelerated to 6.95 per cent in March from 6.07 per cent in the previous month, the highest in 17 months, while the country's industrial growth, as per the Index of Industrial Production, edged up to 1.7 per cent in February from 1.5 per cent in January, the government …

Russia's attack on Ukraine may burn a hole in your pocket too, daily items' prices set to rise
2 years, 9 months ago

Russia's attack on Ukraine may burn a hole in your pocket too, daily items' prices set to rise

India Today  

Food prices are surging globally, including in India, as the war in Ukraine blocks crop supplies to push inflationary pressure on the consumer pocket. Taking cues from the global situation, the Reserve Bank of India today raised the inflation forecast for the current fiscal year by 120 basis points to 5.7 per cent. After easing to 4.3 per cent in …

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