Agro News Hubb
Advertisement Banner
  • Home
  • Agro News
  • Agro Technology
  • Contact
No Result
View All Result
  • Home
  • Agro News
  • Agro Technology
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home Agro Technology

World Food Prices Continue Falling as Supply Levels Rise

admin by admin
September 6, 2022
in Agro Technology


food prices

Global food prices dropped for a fifth-straight month after a seasonal rise in supplies took place and demand dropped for some products. The northern hemisphere wheat harvest is helping to ease supply concerns as more grain moves out of Ukraine.

A U.N. index of world food costs dropped 1.9 percent in August and remains at its lowest level since January. While consumers will feel some relief, the declines aren’t as sharp as they were in July, when food prices dropped the most since 2008. Food prices do remain higher than last year.

Food costs fell across the board last month, with vegetable oils dropping slightly below last year’s level. More palm oil supplies from Indonesia and seasonally rising outputs in southeast Asia helped to lower prices. Import demand for sunflower oil is subdued. Dairy stocks remained adequate. Major poultry importers reduced purchases, and domestic bovine meat demand in key exporters was weak.

The NAFB contributed to this report.

Listen to Sabrina Halvorson’s program here.

World Food Prices Continue Falling as Supply Levels Rise

Sabrina Halvorson
National Correspondent / AgNet Media, Inc.

Sabrina Halvorson is an award-winning journalist, broadcaster, and public speaker who specializes in agriculture. She is a native of California’s agriculture-rich Central Valley.

Related



Source link

Previous Post

Carrot facts: The good, the bad … and the weird

Next Post

Illinois pre-harvest crop tours result in scattered corn yield estimates

Next Post

Illinois pre-harvest crop tours result in scattered corn yield estimates

Recommended

Tar spot getting worse in Minnesota

4 months ago

Argentina crop size getting smaller “on a weekly basis”

4 weeks ago

agro-50

© 2022 Agro News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Agro News
  • Agro Technology
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Agro News
  • Agro Technology
  • Contact

© 2022 Agro News Hubb All rights reserved.