High global food prices may finally see a bottom in 2024, says Oxford Economics
Publishing timestamp: 2024-04-22 20:45:44
Summary
Oxford Economics predicts that global food prices are expected to decline in 2024 due to abundant supply of staple crops like wheat and maize. However, risks of adverse weather conditions could lead to price increases. Rice prices are climbing due to export restrictions in India. Despite the overall decline in food prices, there are risks of prices rebounding more sharply than anticipated, leading to higher food price inflation.
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Keywords: russia, ukraine, wheat (mar'23), weather, food and drink, business news,