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Search resuls for: "Matthew Biggin"


2 mentions found


☆ Food prices are at their highest levels in over a year. And these items will get even more expensive
  + stars: | 2024-12-05 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +5 min
Athvisions | E+ | Getty ImagesGlobal food prices recently rose to an 18-month high, with some food baskets expected to continue climbing, according to market watchers. In October, world food commodity prices were at their highest since April 2023, according to the most recent data compiled by the United Nations' Food and Agriculture Organization. The FAO Food Price Index, which monitors the prices of five food baskets: grains, meat, dairy, vegetable oils and sugar, rose by 2% in October, driven primarily by a surge in vegetable oil prices. The index measures raw commodity prices rather than retail costs, but the increase suggests that higher food prices may continue to affect consumers. While coffee and cocoa prices are not reflected in the FAO index, prices of the two commodities face the "most risk," said Biggin.
Persons: Cheang Kang Wei, Cheang, Stephen Nicholson, Patrick T, Fallon, Matthew Biggin, Cindy Ord, Cote Organizations: Getty, United Nations, Food, Agriculture Organization, FAO Food Price, CNBC, Fitch Solutions, BMI, Beef, Rabobank, AFP, Feeder, Chicago Mercantile Exchange, Agriculture, Horticulture Development, FAO, ICE, Cote D'Ivoire, U.S . Intercontinental Exchange, Citi Locations: El, Indonesia, U.S, Redondo Beach , California, FactSet, Brazil, West Africa
☆ Milk prices in the world's dairy powerhouse India have spiked 15%
  + stars: | 2023-05-25 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +4 min
India is facing an increase in milk prices, and it's not expected to ease up until November. Matthew Lloyd | Bloomberg | Getty ImagesIndia, the world's dairy powerhouse, is facing an increase in milk prices, and it's not expected to ease up until November. India, the world's leading producer of milk, accounts for 22% of global milk production and followed by the U.S. China, Pakistan and Brazil. Higher feed costsHigher cattle feed prices that coincide with the peak demand season are feeding into the spike in milk prices. India is facing an increase in milk prices, and it's not expected to ease up until November.
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