Charles Clack | “Food price surge is unlikely to revert”
As part of this week’s “News Maker” show of Sarah’s Country, Charles Clack from Rabobank outlines the implications for NZ agri producers as global food prices are surging ahead and showing no sign of slowing in 2021.
Agricultural commodity prices have surged almost 50% since mid-2020, causing concerns over food price inflation around the world, sometimes resulting in increased export taxes and quotas by producers at a time when importing countries want to import more.
Driving the S&P GS Ag Index to its highest level since 2014, soybeans, palm oil, corn, cotton and raw sugar have been behind much of the rise since mid-2020.
For more information on the agri commodity markets report, visit: https://research.rabobank.com/far/en/sectors/agri-commodity-markets/food-price-surge-is-unlikely-to-revert.html
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Sarah’s Country is produced in a strategic alliance with Farmers Weekly - New Zealand’s most trusted source of agri-journalism - www.farmersweekly.co.nz
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