Argentina's basic food basket rose 3.2% in September, according to data released Tuesday by the National Institute of Statistics and Census (Indec).Add your comment!
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.
Global food prices were steady in September, as lower sugar prices were offset by increased quotations for vegetable oils and meat. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 170 points in September, virtually unchanged from August and 3.3 per cent higher than in the same month in 2018.
Global food prices rose for the fifth consecutive month in May, pushed up by rising prices of cheese and maize due to adverse weather conditions. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities, averaged 172.4 points in May, up 1.2 per cent from the previous month while still 1.9 per cent below its level in May 2018.
Global agricultural food commodity prices fell in September due to growing inventories of key staples. The FAO Food Price Index declined 1.4% from August and is now 7.4% below its level during September 2017.
Global agricultural food commodity prices rose in May, with dairy prices jumping significantly. The FAO Food Price Index averaged 176.2 points during the month, up 1.2% from April.
Food prices may ease in 2012 due to a slowing global economy, though no drastic drop from high levels is expected, the new director-general of the UN's Food and Agriculture Organisation said on Tuesday.