Prices of many agricultural products in Chile are falling, and the trend may continue for a long time

Published 2024년 5월 14일

Tridge summary

Chilean news website ExtraNoticias reports that the country is experiencing a decrease in the prices of key food items such as flour, milk, vegetable oil, especially sunflower oil, and chicken, due to a combination of local and international factors. The price drop is expected to continue with the sales season for basic food and seasonal products like lemons and apples. The current prices are significantly lower than the peak prices seen earlier in the year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Chile's "ExtraNoticias" website reported on the 10th that Valenzuela pointed out that the prices of flour and milk in the basic food basket have dropped slightly. Chile has a large wheat production. In autumn and winter, people will use flour to prepare foods such as sopaipillas. Currently, the international price of wheat has also been falling. The price of vegetable oil has also fallen, especially sunflower oil. The price reached more than 4,000 pesos per liter in 2022, and now the average price in supermarkets has dropped to 2,500 pesos per liter. In addition, agricultural policy research The Chilean Chamber of Commerce and Industry (Odepa) confirmed that chicken prices in traditional marketing channels range from 2,600 to 2,800 pesos per kilo. As for the price of tomatoes, Valenzuela said: "In early May, tomatoes were priced between 800 and 1,000 pesos per kilo in the free market; potatoes, an essential ingredient in Chilean cuisine, were priced between 600 and 800 pesos per ...
Source: Foodmate

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