News on Food Prices

Tariff pressures and rising costs are reshaping consumer perceptions in the potato snack market. Brands must monitor sentiment closely, act swiftly on price-to-value concerns, and adapt strategies to protect loyalty in this highly sensitive category.

Escalating US-China tensions and tariffs exceeding 100% are disrupting global supply chains, driving up prices on key ingredients like rice, oils, and spices, and forcing food businesses worldwide to adapt amid tightening markets.

Global supermarket chain Carrefour will stop selling PepsiCo products in it stores in France, Belgium, Spain and Italy

Canadian Produce Marketing Association (CPMA) recognizes the attempt by the federal government of Canada to alleviate the impact of rising food prices in Canada via the October 5th announcement.

The FAO Food Price Index* (FFPI) averaged 123.9 points in July 2023, up 1.5 points (1.3 percent) from June but remaining 16.6 points (11.8 percent) below its value in the corresponding month last year.

The FAO Food Price Index* (FFPI) averaged 122.3 points in June 2023, down 1.7 points (1.4 percent) from May, continuing the downward trend and averaging as much as 37.4 points (23.4 percent) below the peak it reached in March 2022.

The increase in food prices is the result of a ripple effect throughout the supply chain. Farmers and producers experienced sharp rises in the prices of essential inputs like feed, fuel, and fertilizer, leading to a 16.1% increase in their operating expenses.

The FAO Food Price Index* (FFPI) averaged 124.3 points in May 2023, down 3.4 points (2.6 percent) from April and as much as 35.4 points (22.1 percent) from the all-time high it reached in March 2022.

There are concerns among some economists that the price of frozen potatoes may increase, adding to already high food inflation in South Africa.

The FAO Food Price Index* (FFPI) averaged 127.2 points in April 2023, up 0.8 points (0.6 percent) from March and standing 31.2 points (19.7 percent) below its value in the corresponding month last year.

The FAO Food Price Index* (FFPI) averaged 126.9 points in March 2023, down 2.8 points (2.1 percent) from February, marking the twelfth consecutive monthly decline since reaching its peak one year ago.

The FAO Food Price Index* (FFPI) averaged 131.2 points in January 2023, down 1.1 points (0.8 percent) from December, marking the 10th consecutive monthly decline.

Without phosphorus food cannot be produced, since all plants and animals need it to grow. Put simply: if there is no phosphorus, there is no life. As such, phosphorus-based fertilisers – it is the "P" in "NPK" fertiliser – have become critical to the global food system.

The FAO Food Price Index* (FFPI) averaged 132.4 points in December 2022, down 2.6 points (1.9 percent) from November, marking the ninth consecutive monthly decline and standing 1.3 points (1.0 percent) below its value a year ago.

Campbell Soup Company (NYSE:CPB) reported results for its first-quarter fiscal 2023.

The FAO Food Price Index (FFPI) averaged 135.7 points in November 2022, virtually unchanged from October, with month-on-month decreases in the price indices for cereals, dairy and meat, nearly offsetting increases in those of vegetable oils and sugar.

Unsurprisingly, consumers in the UK are set to purchase one of the most expensive Christmas meals in recent years following the consistent inflationary pressures that resulted in the UK inflation rate for food

The FAO Food Price Index* (FFPI) averaged 135.9 points in October 2022, virtually unchanged from September, with the price indices of all the covered commodity groups, except cereals, down month-on-month.