The president of the Arequipa Bakers Association, Freddy Prieto, reported that the price of bread could rise from next week to the value of three units for one sol. He argued as a cause increase in the price of wheat flour. Prieto, in a conversation with La República, said that the increase in the cost […]
Tag: Food
Record price of crops will impact food costs
Updated on 02/11/2022 03:34 am From the coffee from the morning to the roasts at dinner time, the prices of the main food basics are on the rise. The Bloomberg Agriculture Spot Sub-Index, which tracks nine agricultural commodities, is nearing an all-time high. Prices in markets for grains, oilseeds and soft commodities rise as supply […]
The worst of food price inflation is yet to come
Updated on 02/08/2022 02:50 am The inflation of the prices of food could rise as much as 5% in the Northern Hemisphere spring, exacerbating the growing cost-of-living crisis in the United Kingdomaccording to the president of the largest supermarket chain in the country. John Alan, chairman of Tesco Plc since 2015, said the worst of […]
Food prices rise to level of 2011 crop crisis
Updated on 01/17/2022 02:41 am The prices of food are rising around the world due to increased demand and shortages due to transportation problems and supply chain. And the timing couldn’t be worse, just as government stimulus fades and consumer savings begin to dry up. The Food Price Index chart from the Food and Agriculture […]
Venezuela sent gasoline and food to Cuba in the last two months, despite shortages in the country
Venezuela has boosted shipments of gasoline and food to Cuba since November, providing key supplies to one of the closest allies of illegitimate President Nicolás Maduro, according to documents from Venezuela’s state oil company PDVSA and vessel tracking data from Refinitiv Eikon. From late November to early January, PDVSA shipped at least three shipments containing […]
Indecopi proposes to improve the Healthy Eating Law
The National Institute for the Defense of Competition and the Protection of Intellectual Property (Indecopi) It will convene a working table to evaluate the need to prepare a proposal for the reform of the Healthy Eating Law and its regulations, which will allow consumers to offer a healthier diet. Part of this initiative aims to […]
US harvests and slowing Chinese demand alleviate grain shortage fears
The offer of the Soy and the corn It has strengthened in 2021 due to factors such as large crops in the United States, the weather and signs of a slowdown in purchases from China. Growing stocks indicate that prices for crops, as well as other staples like sugar and coffee, may have peaked after […]
FAO: World food prices reach their highest level since 2011
World food prices rose strongly in October to reach their highest level since July 2011, the UN Food and Agriculture Organization (FAO) announced on Thursday. The FAO food price index increased 3% compared to September, to 133.2 points. In year-on-year terms, the increase is 31.3%, the organization said in a statement. The indicator, which measures […]
Irregular network of companies in Mexico to send food to Venezuela revealed
The organization Mexicanos Contra la Corrupción y la Impunidad (MCCI) revealed the existence of an alleged network of irregular companies to send food from Mexico to Venezuela with alleged links to the illegitimate regime of Nicolás Maduro. The investigation found eight companies that between 2018 and 2019 took advantage of a structure of 13 importers […]
Peronist Fernández blames inflation in Argentina on “rogue speculation”
The president of Argentina, the peronist Alberto Fernandez, affirmed that the high inflation that the country registers is not related to monetary policy problems but rather to the “speculation of rogue businessmen”, particularly in the sector of food. “I am concerned about inflation as much or more than you,” Fernández said in a massive event […]