# Global Food Inflation Gets Reprieve as Wheat to Palm Oil Prices Tumble - Bloomberg

> Agricultural commodities fell, easing some pressure from high food inflation, as traders weighed incoming harvest data and recession risks in major economies. Wheat and palm oil prices both declined notably. Production estimates for key growers such as Russia were revised up after favorable weather.

- Date: 2022-06-21 · published 2022-06-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12695-global-food-inflation-gets-reprieve-as-wheat-to-palm-oil-prices-tumble-bloomberg
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower wheat and palm oil prices reduce input cost pressure for feed manufacturers, though recession-driven demand worries add downside risk to the broader complex.

## Read by commodity

- WHEAT: bearish ▼
- PALMOIL: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-06-21/global-food-inflation-gets-reprieve-as-wheat-to-palm-oil-tumble

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.