News

World food prices are rising at a worrying rate

Published Sep 3, 2021

Tridge summary

Sugar prices soared on world markets, with a 9.6% increase partly due to Brazilian frost damage. This was somewhat offset by the good expected harvest in India and the European Union, as well as the decline in crude oil prices and the weakening of the Brazilian real. The FAO vegetable oil price index rose 6.7% in August as palm oil prices rose to historic highs due to low-potential production and declining inventories in Malaysia. International listing of rapeseed and sunflower oil has also increased, according to a FAO communication. You may also be interested in! Hell has become more expensive coffee: slowly it will be a real luxury to drink a cup of black in an unprecedented position in the world of coffee production. You may also be interested in! Cereal prices have also risen by 4.3% since July. Wheat jumped 8.8% due to lower emissions from major exporting countries. In contrast, corn prices shrank 0.9% due to the positive production outlook in Argentina, the EU and Ukraine.

Original content

Sugar prices soared on world markets, with a 9.6% increase partly due to Brazilian frost damage. This was somewhat offset by the good expected harvest in India and the European Union, as well as the decline in crude oil prices and the weakening of the Brazilian real. The FAO vegetable oil price index rose 6.7% in August as palm oil prices rose to historic highs due to low-potential production and declining inventories in Malaysia. International listing of rapeseed and sunflower oil has also increased, according to a FAO communication. You may also be interested in! Hell has become more expensive coffee: slowly it will be a real luxury to drink a cup of black in an unprecedented position in the world of coffee production. You may also be interested in! Cereal prices have also risen by 4.3% since July. Wheat jumped 8.8% due to lower emissions from major exporting countries. In contrast, corn prices shrank 0.9% due to the positive production outlook in Argentina, the EU and Ukraine. ...
Source: Agrarszektor
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