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Soaring international food prices are worsening Cuba's food crisis. Container shipping costs are up as much as 50% over the past year, and bulk freight has risen by more.
The FAO food price index was up 30.8% through April.
Rising global food prices and freight costs show broad upward pressure on import costs for food-importing countries. The article reports no direct new cause for feed commodity moves.
reuters.comMarc FrankMay 20, 2021Not 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.
