A spirited discussion surrounding food prices was prompted by a question from MLA Teslyn Barkman in Legislative Assembly last Wednesday, 31st May. MLA Teslyn Barkman asked MLA Gavin Short about the UK’s government’s decision to investigate food pricing. “Can the Honorable Gavin Short please say whether we here in the Falklands have any mechanisms or agency that could be used to investigate the grocery retail market?”1 comment
An Argentine household needs a monthly income of at least 100,000 Pesos equivalent to US$ 781 at the official rate, (128 Pesos to the dollar) or US$ 454 (free market, 220 Pesos to the dollar) to remain just above the poverty line, according to the latest estimate from the government's Stats Office, Indec.
At least thirty five countries have restricted exports of agricultural commodities in the last two years because of the Covid 19 pandemic and more recently, the explosion of prices as direct consequence of the Russian invasion of Ukraine and the overall instability in markets.
Consumer prices in Brazil increased 1.06% from March, the fastest rise for the month of April since 1996, the Brazilian Institute of Geography and Statistics, or IBGE, said on Wednesday. Prices rose 12.13% from a year earlier, the fastest pace since 2003. In March, prices rose 1.62% from February and increased 11.30% from a year earlier. Again food and transport had a decisive impulse.
World food prices fell slightly in December as international prices for vegetable oils and sugar fell significantly from lofty levels, the Food and Agriculture Organization of the United Nations, FAO, reported.
FAO – Global food prices rose in May at their fastest monthly rate in more than a decade, even as world cereal production is on course to reach a new record high, the Food and Agriculture Organization of the United Nations (FAO) reported.
Argentina is worried about domestic food prices and inflation, and as it happened a few weeks ago with an attempt to ban corn exports, a similar situation apparently is happening with wheat, and the different actors involved are working on measures aimed at securing the wheat supply and reasonable bread and pasta prices.
Inflation in Brazil ended 2020 at 4,5% the stats agency IBGE revealed on Tuesday, above the central bank's target, with food prices rising, 14,1%, the most in two decades.
Black beans are up nearly 30%, beef about 40% – Brazilians are facing a skyrocketing rise in food prices, caused by record exports to China and strong domestic demand. This rebound, amid the economic and social crisis caused by the new coronavirus pandemic, has led the president, Jair Bolsonaro, to ask the owners of supermarkets to show patriotism and keep their profit margin as low as possible.
Ecuadorean authorities began arresting shopkeepers for raising food prices as indigenous groups clashed with security forces on Sunday in the fourth day of protests against President Lenin Moreno's austerity measures.