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Reuters reports that the FAO food price index hit a record high in 2022, driven by food commodity costs surging after Russia's invasion of Ukraine raised shortage fears. The article text is truncated and gives few further details.
A record global food price index signals elevated feed and food commodity costs, though it describes past rather than new price moves.
reuters.comSybille de La HamaideJan 6, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
