A currency front in the U.S.-China trade war

Nearly two years after Office of the U.S. Trade Representative (USTR) began investigating China over IP concerns and 11 months after the bulk of tariffs went into effect, President Trump announced a tariff of 10 percent on some US$300 billion of Chinese exports—upping the [...]

Food prices up for first time since 2017

In July, FAO’s Food Price Index (deflated) saw its first YOY increase in 22 months. July’s Index was up 2.3 percent YOY, a considerable difference from the previous 12 months, which saw an average YOY decline of 6.4 percent. Looking at individual subindexes, both Meat and Sugar continued their [...]

India reserve sugar stocks, double down on subsidies?

India’s government may not just maintain current export subsidies but expand them to cover other shipping and marketing costs, according to off-record sources. The main impetus for the move, of course, is the desire to reduce domestic sugar stocks and support sugar pricing, the [...]

U.S. domestic sugar deliveries down 0.1 percent

Sugar deliveries for food use (including re-export products) from October through May totaled 7.036 million short tons, down 0.1 percent from the same period last year. May’s deliveries dipped below deliveries for the same month in the last three years. Cumulative deliveries are up [...]

Food Price Index finally ticks higher

FAO reported its Food Price Index appreciated by just 0.2 percent YOY in June, the first monthly YOY increase in 21 months. (Note: These figures are adjusted for inflation.) The increase comes courtesy of gains in three of the five subindexes: The Meat, Cereals, [...]