The return, after two years of the covid-19 pandemic, of the traditional Mexican celebration of Candelaria Day, which is celebrated this Thursday with tamales as protagonists, has been hit by the increase in prices and the inflation of the corn. According to the National Alliance of Small Merchants (Anpec), the price of tamales has risen […]
Tag: corn
War in Ukraine: consequences for agriculture and food security in Peru
Last year, the price of fertilizers rose by up to 128% and became one of the main problems affecting local farmers. Among the factors that drove the increase in prices are the energy crisis in Europe, the rise in the exchange rate and the high freight rates that increased tariffs. To these agents is now […]
Russian nuclear alert and Western sanctions raise fears for supplies of raw materials
World commodity prices rose on Monday with strong gains in oil, grains, edible oils and metals, after Russia put its nuclear deterrent force on high alert and Western countries imposed new sanctions on Moscow following its invasion. to Ukraine. ANDBrent oil rose around 4% and exceeded US $ 100 per barrel, palladium soared 4% yeChicago […]
WTO warns of rising food prices due to conflict in Ukraine
Ngozi Okonjo-Iweala, head of the World Trade Organization (WTO)warned that the war between Russia and Ukraine, a major wheat exporter, will hurt consumers around the world. “There is going to be a great impact regarding wheat prices and bread prices also for ordinary people,” he said in a virtual event held this Friday, February 25, […]
Russia’s invasion of Ukraine: wheat and corn down on the second day of occupation
After a dangerous escalation that seemed to anticipate a food crisis in much of the world, corn and wheat futures fell slightly in the early hours of this Friday the 25th, with several cities in Ukraine already besieged by Russia. Wheat futures contracts closed last week at around 8.967 dollars per bushel (unit of measurement […]
Russia and Ukraine: these would be the global economic consequences
The invasion of Ukraine by Russia is already a fact, after the announcement of the Russian president Vladimir Putin this Thursday, February 24, which had an immediate impact on the operations of the world stock markets, foreign exchange market and safe-haven assets. Stocks around the world plummeted, while the Oil rallied above $100. Gold gained […]
Wheat and corn rise the daily maximum allowed after Russia’s attack on Ukraine
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Updated on 02/24/2022 10:52 am U.S. wheat and corn futures rose above permitted daily trading limits on Thursday, while soybeans hit the highest level since 2012 after Russian forces attacked Ukraine, exacerbating supply concerns. . Wheat rose for a third day, climbing to its highest level in more than nine years, while corn advanced to […]
Russia and Ukraine: how would the geopolitical crisis impact the Peruvian economy?
The revival of geopolitical tension between Russia and Ukraine has not only set off alarms in many economies around the globe. Although a direct confrontation has not yet been reached, for now only sanctions from United Statesthe truth is that the peruvian families they would feel its ravages despite the fact that the conflict takes […]
Dollar: why are the prices of some products still high despite the drop in the exchange rate?
Despite the fact that the dollar has fallen by -6.04% thanks to the solid macroeconomic fundamentals, the consumer has expressed his discomfort at not seeing that the fall in the safe haven currency is transferred to the prices of food and basic necessities. Given this concern, experts consulted by La República specify that lower prices […]
The CIC cuts the forecast for world corn production for 2021-2022
Updated on 02/17/2022 11:00 am The International Grains Council (CIC) cut its forecast for world corn production in the 2021-2022 period, in part due to less favorable prospects for Brazil and Argentina. In its monthly update, the intergovernmental body cut the forecast by four million tons to 1,203 million. Brazil’s corn crop was estimated at […]