Tridge summary
Global food prices have surged by 4% in February, reaching their highest level since July 2014, as reported by the Food and Agriculture Organization of the United Nations. This increase is largely due to a significant rise in the cost of vegetable oil, sugar, and grain, with corn prices seeing a particularly sharp 42% increase, hitting a seven-year high due to lower production and stocks. This rapid global rise in food prices is also impacting Ukraine, leading to higher prices for eggs, vegetables, sugar, and sunflower oil.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Food prices have risen sharply around the world, according to the Food and Agriculture Organization of the United Nations. This was reported by TSN. It is noted that the cost of products for the month increased by 4% and reached a maximum since July 2014. The largest increase in prices was recorded for food products such as vegetable oil, sugar and grain. Read also: Ukrainian potato hybrids can yield about 100 t / ha The cost of corn for the year increased by 42%. World prices for this crop have reached a seven-year high. The reason is that the volume of production and stocks of corn were ...
Source: Agrobusiness
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.