The barometer for world food commodity prices declined slightly in June for the third consecutive month, the Food and Agriculture Organization of the United Nations (FAO) reported on Friday
The Latin American and Caribbean Parliament (Parlatino) Tuesday urged its 23 member countries to take measures to curb the soaring food prices which are reaching unprecedented highs, according to the food price index kept by the Food and Agriculture Organization of the United Nations (FAO).
World food commodity prices made a significant leap in March to reach their highest levels ever, as war in the Black Sea region spread shocks through markets for staple grains and vegetable oils, the Food and Agriculture Organization of the United Nations (FAO) reported.
Uruguayan President Luis Lacalle Pou said on Friday that the Executive Branch will send to the Legislative a bill to exonerate VAT on asado de tira, a popular meat cut, as the Ukraine war takes its toll on the cost of food worldwide.
According to a study by the Catholic University of Uruguay (UCU), that measured prices in Salto, Uruguay, and Concordia, Argentina, the former turned out to be 130.3% more expensive than the latter, it was reported.
Argentina's basic food basket rose 3.2% in September, according to data released Tuesday by the National Institute of Statistics and Census (Indec).
World food commodity prices rose in September, led by tightening supply conditions and robust demand for staples such as wheat and palm oil, the Food and Agriculture Organization of the United Nations (FAO) reported. FAO's Food Price Index averaged 130.0 points in September, up 1.2% from August and 32.8% higher than in September 2020. The index tracks monthly changes in the international prices of commonly traded food commodities.
Argentina will suspend sales of corn for export until Feb. 28, the agriculture ministry said on Wednesday, announcing the surprise move as part of the government's effort to ensure ample domestic food supplies.
Brazilian inflation in October rose to its highest level for that month since 2002, figures showed on Friday, driven by rising food and transport costs and lifting annual inflation to within sight of the central bank’s year-end target.
Brazil’s central bank kept its key interest rate at a record-low 2.00% on Wednesday, maintaining its “forward guidance” pledge to keep rates lower for longer and even the possibility of further easing, despite the recent rise in inflation and fiscal risks.