World food prices ease slightly in July, UN says
4 months, 3 weeks 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 for the second consecutive month. "Maize export prices also declined as harvests in Argentina and Brazil progressed ahead of last year’s pace and crop conditions in the United States remained robust," the report added. Prior to July, the FAO food price index had risen for four consecutive months after hitting a three-year low in February as food prices receded from a record peak set in March 2022, following Russia's invasion of fellow crop export major Ukraine.

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History of this topic

Food prices reach 19-month high in November, UN says
2 weeks, 3 days 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. …

World food prices hold firm in June, UN's FAO reports
5 months, 2 weeks 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 …

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says
8 months ago

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says

Daily Mail  

The pace of UK food inflation fell to the lowest annual rate since November 2021 in March, official figures from the Office for National Statistics show. Overall, prices for food and non-alcoholic drinks increased by 4 per cent in the year to March, down from 5 per cent in the year to February, the ONS said. The ONS data showed …

Wholesale price inflation rises to three-month high of 0.53% in March
8 months, 1 week 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, 1 week 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, 1 week 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, 1 week 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
11 months, 2 weeks 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
11 months, 2 weeks 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 …

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war
1 year, 2 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 …

Global food prices rise after Russia ends grain deal and India restricts rice exports
1 year, 4 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, 4 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 …

What this year’s El Niño means for wheat and global food supply
1 year, 5 months ago

What this year’s El Niño means for wheat and global food supply

Salon  

The World Meteorological Organization has declared the onset of the first El Niño event in seven years. Even a "moderate" El Niño may significantly affect crops grown in geographically concentrated regions — for example palm oil, which primarily comes from Indonesia and Malaysia. Impact on global food prices The following graph shows the correlation between El Niño events and global …

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, 7 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 …

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
1 year, 11 months 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
1 year, 11 months 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 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, 3 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, 3 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, 4 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 …

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 …

Global wheat prices jump after India export ban and Ukraine war: Food and Agriculture Organisation
2 years, 6 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, 6 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, 6 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, 7 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 …

Russia's attack on Ukraine may burn a hole in your pocket too, daily items' prices set to rise
2 years, 8 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 …

Food prices soar to record levels on Ukraine war disruptions
2 years, 8 months ago

Food prices soar to record levels on Ukraine war disruptions

Associated Press  

ROME — Prices for food commodities like grains and vegetable oils reached their highest levels ever last month largely because of Russia’s war in Ukraine and the “massive supply disruptions” it is causing, threatening millions of people in Africa, the Middle East and elsewhere with hunger and malnourishment, the United Nations said Friday. “There is, of course, a massive supply …

World Food Prices Surged to New Record High in March, U.N. Agency Says
2 years, 8 months ago

World Food Prices Surged to New Record High in March, U.N. Agency Says

News 18  

World food prices jumped to a new record high in March as the war in Ukraine caused turmoil in markets for staples grains and edible oils, the U.N. food agency said on Friday. The Food and Agriculture Organization’s food price index, which tracks the most globally traded food commodities, averaged 159.3 points last month versus an upwardly revised 141.4 for …

Soaring food prices threaten emerging-market currencies
2 years, 9 months ago

Soaring food prices threaten emerging-market currencies

Al Jazeera  

While energy prices are an ongoing risk to inflation in countries around the world, several emerging-market countries face a different problem: The pace of food price inflation is rendering their currencies vulnerable. The UN’s February World Food Price Index, released on Friday, was essentially unchanged at 20.7% y/y vs 19.2% in January, perhaps surprisingly given the rampant rally in soft …

What’s driving up food prices worldwide?
2 years, 10 months ago

What’s driving up food prices worldwide?

Al Jazeera  

The UN’s food agency warns that higher prices are putting people in developing countries at risk. The United Nations food agency has warned that higher prices are putting people at risk – especially those living in developing countries – while politicians in rich countries are scrambling for solutions amid growing discontent. In Eastern Europe, Latin America and the Pacific there …

World food prices hit 10-year peak in 2021
2 years, 11 months ago

World food prices hit 10-year peak in 2021

Hindustan Times  

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. With the exception of dairy products, prices for all categories in the food price index eased in December, with vegetable oils and sugar falling significantly, the agency said. The Food …

World food prices hit new 10-year high in October: Report
3 years, 1 month ago

World food prices hit new 10-year high in October: Report

Hindustan Times  

World food prices rose for a third straight month in October to reach a fresh 10-year peak, led again by increases in cereals and vegetable oils, the UN food agency said on Thursday. World vegetable oil prices jumped 9.6% on the month to set a record high, supported by further strength in palm oil prices as labour shortages in Malaysia …

World Food Prices Fall in June for First Time in a Year: UN Food Agency
3 years, 5 months ago

World Food Prices Fall in June for First Time in a Year: UN Food Agency

News 18  

World food prices fell in June for the first time in 12 months, pushed lower by declines in vegetable oils, cereals and dairy products, the United Nations food agency said on Thursday. The FAO’s food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 124.6 points last month versus a revised …

Surging food prices fuel 40 percent jump in global hunger: UN
3 years, 5 months ago

Surging food prices fuel 40 percent jump in global hunger: UN

Al Jazeera  

‘High food prices are hunger’s new best friend,’ the United Nations World Food Programme’s chief economist said on Thursday. Acute food insecurity has soared 40 percent this year as recent food price hikes have exacerbated existing pressures from conflict, climate change and the COVID-19 pandemic, the United Nations World Food Programme said. “High food prices are hunger’s new best friend,” …

Agriculture prices to ease but hunger, climate goals are far off
3 years, 5 months ago

Agriculture prices to ease but hunger, climate goals are far off

Live Mint  

However, prices of most agricultural commodities should fall slightly in real terms in the decade ahead, reverting to a long-term trend of improving production meeting rising demand from a growing population, the FAO and the Organisation for Economic Cooperation and Development said in a joint report Food commodities are likely to become cheaper in the coming decade as productivity grows, …

Rising world food prices causing concerns among people: IMF
3 years, 5 months ago

Rising world food prices causing concerns among people: IMF

India TV News  

Global food prices have rallied to multi-year highs, triggered by Covid-19 pandemic-related supply chain disruptions and soaring transport costs, the International Monetary Fund has said. More is likely to come since international food prices are expected to increase by about 25 per cent in 2021 from 2020, wrote IMF's Christian Bogmans, Andrea Pescatori and Ervin Prifti in a new blog. …

Global food prices surge to their highest level in a decade, UN report says
3 years, 6 months ago

Global food prices surge to their highest level in a decade, UN report says

CNN  

New York CNN — Global food prices rose for the 12th month in a row in May, up nearly 40% year over year, according to the United Nations’ food price index. Veejay Villafranca/Bloomberg/Getty Images Higher usage of bio diesels and moderate global price increases for meat and dairy products also contributed to the steep rise in global food prices. The …

Food prices soar to highest in almost a decade, says UN
3 years, 6 months ago

Food prices soar to highest in almost a decade, says UN

Live Mint  

Global food prices extended their rally to the highest in almost a decade, heightening concerns over bulging grocery bills as economies struggle to exit the Covid-19 crisis. A United Nations gauge of world food costs climbed for a 12th straight month in May, its longest stretch in a decade. “Global food prices rose in May at their fastest monthly rate …

World food price index rises in February for ninth month running: FAO
3 years, 9 months ago

World food price index rises in February for ninth month running: FAO

Hindustan Times  

World food prices rose for a ninth consecutive month in February, hitting their highest level since July 2014, led by jumps in sugar and vegetable oils, the United Nations food agency said on Thursday. This file photo taken on October 16, 2009 shows Newly named goodwill ambassador of the Food and Agriculture Organization French fashion designer Pierre Cardin delivering a …

World food price index rises in January, at highest level since July 2014: FAO
3 years, 10 months ago

World food price index rises in January, at highest level since July 2014: FAO

Hindustan Times  

World food prices rose for an eighth consecutive month in January, hitting their highest level since July 2014, led by jumps in cereals, sugar and vegetable oils, the United Nations food agency said on Thursday. The Food and Agriculture Organization's food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 113.3 …

World Food Prices Rise for 8th Straight Month in Jan, Hit Highest Level Since July 2014: FAO
3 years, 10 months ago

World Food Prices Rise for 8th Straight Month in Jan, Hit Highest Level Since July 2014: FAO

News 18  

World food prices rose for an eighth consecutive month in January, hitting their highest level since July 2014, led by jumps in cereals, sugar and vegetable oils, the United Nations food agency said on Thursday. The vegetable oil price index increased 5.8% to reach its highest level since May 2012, pushed up in part by lower-than-expected palm oil production in …

Global food prices at 6-year high are set to keep on climbing
3 years, 11 months ago

Global food prices at 6-year high are set to keep on climbing

Live Mint  

Global food prices reached a six-year high in December and are likely to keep rising into 2021, adding to pressure on household budgets while hunger surges around the world. A United Nations gauge of food prices has jumped 18% since May, as adverse weather, government measures to safeguard supplies and robust demand helped fuel rallies across agricultural commodities from grains …

World food price index jumps in Nov to almost six-year high: FAO
4 years ago

World food price index jumps in Nov to almost six-year high: FAO

Live Mint  

World food prices rose for a sixth month running in November, hitting almost a six-year high with the index posting its biggest monthly increase since July 2012, the United Nations food agency said on Thursday. The Food and Agriculture Organization's food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 105.0 …

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