In 2022, the war in Ukraine has caused price hikes, shortages of some staple foods and raised fears of famine in some countries. However, currently, the price of cereals on trading platforms is falling, thanks in particular to excellent global harvests. Just Friday, the Food and Agriculture Organization of the United Nations (FAO) announced that …
World wheat prices fell sharply after prolific harvests Read More »
The war in Ukraine and Western sanctions against Moscow propelled European inflation to a new high in June, bad news for households now facing soaring food prices in addition to energy. The inflation rate in the 19 countries sharing the single currency stood at 8.6% over one year in June, after 7.4% in April and …
Record inflation in Europe, the war drives prices up Read More »
The oil-producing countries of OPEC + renewed their objective on Thursday of opening the valves slightly more widely for this summer, but this will not be enough to curb the surge in prices caused by the war in Ukraine. Representatives of the thirteen members of the Organization of the Petroleum Exporting Countries (OPEC) and their …
OPEC+ pumps more, but not enough to curb soaring prices Read More »
