Farm Progress’ Post

Food price rise likely to have escalated in May

Food inflation ‘reared its ugly, egg-shaped head’ this holiday🎄season, with higher prices hitting baking staples 🥚 and your holiday beef roast. The latest inflation report shows grocery prices climbed again in November, just as households gear up for holiday meals and baking marathons. The key drivers behind these price hikes? 🥚Egg prices: Bird flu continues to affect the egg industry, and changing state animal welfare regulations are driving up production costs in certain areas. 🥩 Beef prices: That holiday roast will be a pricier centerpiece this year, with beef prices on the rise due to decresed supplies from decisions producers made a couple of years ago. 🎄Seasonal demand: Holiday baking and cooking increase demand for key ingredients, adding even more pressure on prices. Unlike general inflation, food prices tend to be more volatile, often affected by supply shocks, production challenges, and seasonal demand. As I mentioned in NPR’s latest coverage, these forces are making grocery trips more expensive for households at a important time of year. The full 📻story dives into what’s behind the recent price hikes and what might come next. Check it out here 🎧🔗: https://lnkd.in/gD3nt4pq #FoodEconomics #FoodPrices #Inflation #EggPrices #Eggflation #FoodPolicy #FoodInflation

April data reveals an increase in food prices for the first time in three months. While grocery food overall was the largest contributor to the rise, fruit and veg specifically were lower. Check out the read here for more. #foodprices #costofliving

Beat Inflation......Buy Fresh Produce A healthy way to beat inflation is buy fresh fruit and Veggies. Overall inflation is still over 3% while Fresh Produce dropped. The fresh fruits and vegetables index dropped 0.5 percent over the past 12 months and dropped 1.5 percent from May to June. Fresh fruit dropped 1.7 percent over the last year, while fresh vegetables dropped 0.3 percent over the last year.

Veg thali prices on the rise! Check what changed in the last month and by how much - Food prices take a central stage in our daily life while considering finances and our essential survival needs. Thus, it is important to look at food price trends witnessed in September 2024. As per - https://lnkd.in/gqxePrBM

Produce growers have again helped keep the rate of food price inflation (FPI) down in NZ, with the Foodstuffs co-ops recording 11.4% deflation in the fruit and veg category of our FPI basket.    While Stats NZ’s latest food price inflation rate was 1.2% in October, year on year, the two Foodstuffs co-ops recorded an average 1.0% increase YOY for our comparable basket of goods.    Foodstuffs’ figures for the five foods that have fallen the most since the same time last year:  Orange kumara –58%  Crown pumpkin –52%  Brown onions –51%  Celery –38%  Carrots –29%    Read our full media release here: https://lnkd.in/dR37PjPm Chris Quin Catherine Tardif Cindy Chaimowitz Dominic Quin Jo Allan Jonathan Box Julian Benefield Lindsay Rowles Lisa Oldershaw Simon Kennedy Wendy Hammonds Joanne van den Berg Jonathan Box Andrew Gaukrodger Willa Hand Stefan Herrick Esther Gordon Clinton Rowling Sonia Beal

🚨FOOD INDUSTRY NEWS🚨 Food prices reach 19-Month high in November, United Nations says. The FAO’s food price index, which tracks global prices for a basket of staple foods, averaged 127.5 points in November, a 0.5% increase from October. #inflation #foodprices #foodinflation The Wall Street Journal #foodindustry

#Grocery prices have been increasing since the onset of the COVID-19 pandemic, with overall U.S. #food prices up 28% since 2019. While the rate of food #inflation has since slowed, #shoppers continue to face higher prices on #supermarket shelves. Read more in our latest monitor here: https://lnkd.in/eX46NZdR #RILY #insights #groceryprices #foodprices

🌽🍅 October Inflation: The Veggie Chronicle 🍅🌽 Well folks, October inflation came in hot, and not just because of rising temperatures — it was a scorching 6% increase! 🔥 And while we were all bracing for higher rent and gas prices, it turns out the real hit came at the farmers' market. 🥕 Vegetables and fruits are now priced like they’re handpicked by unicorns, and don’t even get me started on oils – apparently, they’ve been bottled in liquid gold at this point. 🛢️ But it’s not just our kitchens that are feeling the heat — restaurants and FMCG brands are raising prices faster than your favorite delivery service can drop off your meal. 🍔💸 And don’t worry, the government is on it! In a bold move to combat this, they’ll be selling off their veggie reserves at lower prices, presumably to keep us from turning into full-time potato farmers. 🥔 So, as we all tighten our belts (literally, because those belts are going up in price too). Let’s remember: we’re all in this together. 🫣 #inflation #prices #economy #food #finance #fun

The past week saw a sharp increase in prices of perishable food items, with consumers facing significant overcharging in markets: Chicken: Officially Rs314-328/kg, sold at Rs400-430/kg. Potatoes: Official rate Rs90-95/kg, market price Rs140-160/kg. Tomatoes: Official rate Rs130-140/kg, sold at Rs250-300/kg. Garlic: Officially Rs490-510/kg, retailed at Rs800/kg. The disparity between official and market prices continues to strain household budgets. #FoodInflation #MarketPrices #LahoreUpdates #PromotingPakistan #PriceDisparity #PerishableItems #PakistanEconomy #FoodPrices #ConsumerAwareness #GroceryPrices