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Global food inflation may soon be tamed as crops and crude oil decline

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Runaway food inflation may soon be tamed, at least temporarily, as agricultural commodities plummet after a surge that has pushed up the prices of everything from bread to chicken wings.

In the months following Russia’s invasion of Ukraine, which upended trade flows and sent futures markets soaring, fears of grain shortages are giving way to optimism that key producers will be reaping crops large enough to meet the needs of the growing population to replenish reserves stolen by the war.

https://www.independent.ie/business/farming/agri-business/agri-food/global-food-inflation-may-be-tamed-soon-as-crops-and-crude-pull-back-41797117.html Global food inflation may soon be tamed as crops and crude oil decline

Fry Electronics Team

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