agriculture

Corn and Soybeans Near Record Prices, Push Food Costs Higher

Corn and soybeans prices have risen nearly to records, signaling higher food inflation to come. Global food prices had already reached records when Russia invaded Ukraine in late February and jeopardized big slices of the world’s grain and oilseed supplies. Poor harvests in South America, inclement planting weather in the US and rising biofuel demand …

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Palm oil is in half your groceries. Here’s why prices might shoot up | Focus Economy

Indonesia will start restricting exports of palm oil this week, a move that could make the global food crisis worse and push up the prices of hundreds of consumer products. President Joko Widodo announced Friday that Indonesia would suspend exports of cooking oil, and the raw materials used to make it, “until further notice,” in …

Palm oil is in half your groceries. Here’s why prices might shoot up | Focus Economy Read More »