The Biggest Jump in Crop Prices Since 2012 Due to War and Heat Waves
11 Articles
11 Articles
Reformatorisch Dagblad
Crop prices in August are heading for the sharpest rise since July 2012 as a result of the wars in Ukraine and Iran and extreme weather. The Bloomberg Agriculture Spot Index, which tracks the ten most important crops, is forecasting an increase of more than 13 percent.
Agricultural crop prices tend to record the largest monthly jump in more than a decade, after wars disrupted the movement of black sea supplies, while heat hit major crops and the intensification of the El Niño phenomenon raised concerns about future production.
The price of crops has not increased this much in one month in fourteen years - a turnaround may also be coming in the Hungarian market.
The market for agricultural raw materials recorded in August the strongest growth in the last 14 years, on the basis of the supply problems generated by military conflicts and extreme weather phenomena. The evolution feeds the fears about new world food prices. Bloomberg Index Agriculture Spot, which aims to develop ten of the main products [...]
The prices of agricultural products are heading towards the highest monthly increase in the last 14 years, after military conflicts and extreme weather have disrupted global supply. The evolution is fuelling fears about new food prices, broadcasts Bloomberg, quoted by Agerpres. The Bloomberg indices Agriculture Spot, which follows 10 of the main agricultural products traded worldwide, [...]
The prices of agricultural products are preparing to end August 2026 with the largest monthly increase in the last decade, because the wars and extreme weather conditions have disrupted supply, which causes new concerns about the price of food, says Bloomberg.
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