Food Price Index down for fourth straight month in July

FAO’s Food Price Index (FPI) fell for a fourth straight month in July, down by nearly 9 percent from June, adjusted for inflation, the steepest monthly drop, in percentage terms, since October 2008. The FPI is still up 11 percent YOY, supported especially by [...]

Slight dip in the condition of field crops

Around 90 percent of the U.S. corn crop had made it through pollination as of Aug. 7, although Iowa was still behind average at 83 percent vs. 92 percent for the five-year. July’s hot, dry weather hurt crop condition in some regions, with 16 [...]

Corn market quieter last week

Futures activity Sep-22 corn futures ended last week close to where they started, closing at $6.1025 per bushel. Dec-22 futures were up a mere quarter of a cent from the start of last week, closing at an even $6.10 per bushel. S&D and fundamental [...]

Food Consumer Price Index up 10% YOY in June, up 7% YTD

The June Consumer Price Index (CPI) data for June showed that pricing for all food was up 1.0 percent from May and up 10.4 percent from June 2021. For food at home, pricing is up 12.2 percent YOY. As a reminder, food prices represent [...]

Sharp swings in U.S. tapioca starch imports

The U.S. has seen some wild monthly fluctuations in imports of tapioca (cassava) starch since last September, as world demand increased with recovery from the worst of the pandemic, intensifying competition and pricing. The war in Ukraine added even more demand this year due [...]

Drop in FAO world Food Price Index accelerates in June

FAO’s aggregate Food Price Index (FPI) was down 2.3 percent in June, the third straight month of decline. The drop was well above the monthly declines in April and May, down just 0.8 percent and 0.3 percent, respectively (all index figures adjusted for inflation). [...]

At-home consumer food prices rose 1.3% in May, up 11.9% YOY

ERS published data on Consumer Price Indexes (CPI) for food this Friday, unsurprisingly showing higher prices in May across all food categories in the U.S. As a result, the composite food CPI was estimated up 1.1 percent from April 2022 and up 10.1 percent [...]

U.S. April food prices up 1% from March, up 9% YOY

ERS estimates inflation for selected food price indexes in the U.S. was 1.0 percent in April vs. March, with inflation for food at home at 1.3 percent that month. Eggs saw double-digit inflation, up 10.3 percent from March and up 22.6 percent YOY. Dairy [...]

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