September FAO food price indexes up across the board

Led by cereals, vegetable oils, and dairy, all FAO food price subindexes were up in September. Though gains were modest, the aggregate Food Price Index (FPI) still rose over 1 percent from August. (All values are adjusted for inflation.) The FPI showed monthly gains [...]

Sugar index leads gains in August rebound of Food Price Index

Adjusted for inflation, FAO’s Food Price Index (FPI) rebounded strongly in August after slight declines in June and July. These two down months, however, followed a full year of monthly gains. Source: FAO Among the subindexes, sugar saw the most significant gains in August. [...]

September WASDE is quiet for wheat

After two previous reports that were unexpectedly eventful for wheat, Friday’s WASDE brought only modest changes to the U.S. wheat balance sheet: 2021/22 imports declined 10 million bushels from the August forecast, food use rose 2 million, and ending stocks were lowered by that [...]

U.S. supply chain overwhelmed by demand

Commodity inflation has been challenging enough over the past year, but supply chain issues have multiplied the increase through higher direct costs as well as premiums associated with receiving the product on time. Sourcing U.S.-produced goods may help to soften the impact, but even [...]

Moderate to extreme drought for 44 percent of contiguous U.S.

NOAA reported that 37 percent of the contiguous U.S. was under conditions of severe to extreme drought in July (Palmer Drought Index), about unchanged from the previous month. Some 44 percent of the country falls under moderate to extreme drought conditions. The southwest is [...]

May tapioca starch imports were near record

Imports of clean-label (non-GMO) starches continue to trend higher despite a slow start to 2021 for most varieties. Imports of potato and tapioca starches together supplied 244,691 MT to the market in 2020: 132,740 MT of potato starch (up 14 percent year over year) [...]

Finally a break for world food prices?

Adjusted for inflation, FAO’s Food Price Index fell in June by 2.5 percent, ending a 12-month runup for world food prices. The decline came from a strong drop for vegetable oils, down nearly 10 percent from May pricing, and smaller drops for cereals and [...]

Food Price Index jumps 38% above year-ago levels

Adjusted for inflation, FAO’s Food Price Index was up nearly 38 percent YOY in May on gains across all subindexes. The Index as up nearly 5 percent from April, the highest monthly gain since January 2015. (Not adjusted for inflation, it would be the [...]

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