Weather gets a lot of coverage on this blog. Today we're looking at the effects of the unpredictable climate on feed and food prices. We also heard a new term: 'agflation' - inflation led by a rise in agricultural commodities prices.
- Russian wheat prices are set to rise further. This article in the Business Recorder, gives an informative outline of the consequences of increasing grain prices in Russia. Read more...
- Farmers face a €120 m rise in feed prices reports the Irish Independent. This equates to €7,300 for the average farmer according to the report. Read more...
- Agflation is poised to hit the meat and dairy industries. This Rabobank report predicts that food prices are forecast to reach record highs in 2013 and to continue to rise well into Q3 2013. Unlike the staple grain shortage of 2008, this year's scarcity will affect feed intensive crops with serious repercussions for the animal protein and dairy industries. Read more..
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