Uruguay's President Luis Lacalle Pou Tuesday heralded there would be news regarding the price of meat and some other “fundamental inputs.” He also announced the measures will be announced at different times, and they also will be “internal, except for some imports of meat cuts.”
The world food price barometer surged to a new peak reaching its highest level since July 2011, the Food and Agriculture Organization of the United Nations (FAO) reported.
The administration of Argentine President Alberto Fernández Friday reached an agreement with meat producers to keep the retail price of popular cuts unchanged.
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.