News of food prices

Food leads price surges as experts forecast 126% inflation rate

12-05-2023 10:42 Latest Central Bank survey estimates a 7.5% jump in prices for last month and a 126.4% annual increase; Argentina suffered second-highest jump in food costs over past year, according to World Bank.

POLITICS

‘Plan Platita II’? Government to stuff pockets as inflation bites

18-04-2023 14:02 To mitigate the coalition friendly fire that has been rekindled by the confirmation of accelerating price hikes, Serio Massa’s economic cabinet is drawing up a new programme to stimulate consumption.

ECONOMIC OUTLOOK

Analysts: Inflation rate in Q1 will overshoot government targets

28-02-2023 15:49 Private estimates agree that prices are likely to rise 20% in the first quarter of 2022, with inflation set to accelerate next month, pushing Sergio Massa’s stated 3% target for April way out of reach.

by Santiago Escobar

BLOOMBERG

South America rain offers hope for relief in world food prices

15-11-2022 21:28 Rain finally fell in Argentina over the weekend and soy farmers started revving up tractors to make up for lost planting time.

Bloomberg

Drought, soaring fertiliser costs push Argentine farmers to grow more soy

22-09-2022 11:13 Farmers are grappling with a third straight year of withering drought ahead of the growing season, but this year they have a new strategy to beat it: plant soybeans.

BRAZIL ELECTION 2022

Hunger returns to haunt Brazil amid divisive vote

15-09-2022 02:52 More than 33 million Brazilians live in hunger and the figure has become the subject of a bitter political battle as Latin America's biggest economy heads for a crucial October election.

ECONOMIC INDICATORS

Food and fuel price rises put pressure on August inflation figure

03-09-2022 15:34 Most analysts and consultancy firms expect price rises totalled at least 6% last month, with some anticipating a monthly rate that’s closer to 7%.

Bloomberg

World food prices post biggest decline since 2008 in July

05-08-2022 20:39 Global food prices fell the most since 2008 after concerns over supplies of grains and vegetable oils eased as Ukraine moved toward restarting exports.

latin america

Guatemala president warns millions could die as visits Ukraine

26-07-2022 16:34 Guatemalan president warns of potential deaths from “food crisis” caused by Russian invasion, in Ukraine visit.

Panama Protests

Fresh roadblocks as Panama protesters reject deal

19-07-2022 14:13 Panama government’s deal with protesters fell through this Monday as roadblocks returned. Social groups made u-turn on agreement to end protests in return for lowered fuel costs.

Panama Protests

Panama government and protesters strike deals to clear key highway

18-07-2022 13:48 Panama's government agreed to lower fuel prices to end the Panamerican Highway blockade. Indigenous-led protests have halted food transportation over the last fortnight.

Brazil Elections

Brazil annual inflation rate rises to 11.89%

11-07-2022 17:01 June brings accelerated inflation to Brazil, driven mainly by increased food costs, as Jair Bolsonaro’s re-election looms.

HUNGER

One-tenth of the world is hungry – and war risks worsening the crisis

07-07-2022 08:42 Number of undernourished people rose by about 6% to roughly 768 million last year, an annual report by United Nations agencies shows.

PRICE OF POVERTY

Family needs almost 100,000 pesos a month not to be poor

23-06-2022 14:29 A typical family in Argentina needed to earn almost 100,000 pesos in May not to qualify as living in poverty, according to INDEC.

Marcha Federal Piquetera

Protesters demand jobs, better wages amid rampant inflation

12-05-2022 23:52 Tens of thousands of demonstrators from across the country descend on Buenos Aires for a massive rally, sparking traffic chaos in the capital.

HARVEST BOOM

Global grain shortage an opportunity for Argentina's 'green gold'

06-05-2022 15:48 Soybean harvest will be smaller than last year, but it will bring in record prices as a result of Russia's attack on Ukraine. Agro-industrial exports could reach as high as US$41 billion this year, according to experts.

WELFARE & POVERTY

Millions relying on food banks and soup kitchens as prices surge

29-04-2022 14:51 More than four million people depend on food banks and soup kitchens to eat in Argentina, and although the country has a well-oiled welfare network, the fight against high prices is tough and uncompromising.

ECONOMIC INDICATORS

Exports soared to record high in March

21-04-2022 17:29 Argentina exported a record US$7.352 billion last month – 28.5% more than in the previous month.

ECONOMIC INDICATORS

Prices jumped 4.7% in February, compounding inflation concerns

18-03-2022 08:13 Inflation over the last 12 months now totals 52.3%, with prices up by 8.8% in just the first two months of the year.

RUSSIAN INVASION OF UKRAINE

War in Ukraine compounds global food inflation, hunger crisis

08-03-2022 20:50 The world's next food emergency is here as war compounds hunger crisis.

UKRAINE CRISIS

WTO chief warns of food price rise amid Ukraine crisis

25-02-2022 16:38 Russia’s invasion of Ukraine is threatening shockwaves through two of the world’s staple grain markets, prompting countries that rely on imports from the region to start seeking alternative supplies and heightening concerns about global food inflation and hunger.