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Tesco's chief executive said food inflation has probably peaked, with milk, bread, cooking oil and some vegetables easing in June. Rice and potatoes still rose, due to weather issues and higher labour and energy costs.
Retailer comments show retail price pressure easing while rice costs remain elevated, which reflects firm grain and rice input prices. The impact on feed markets is indirect.
theguardian.comSarah ButlerJun 16, 2023Not 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.
