# Food prices rise globally as countries compete to replenish stockpiles, bad weather hits crops - ABC News

> Rabobank reports that globally traded agricultural commodity prices have risen about 50 percent since mid-2020, citing La Niña, a weaker US dollar, speculators and strong import demand. The FAO index for January 2021 reached its highest level since 2015.

- Date: 2021-03-10 · published 2021-03-10T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8631-food-prices-rise-globally-as-countries-compete-to-replenish-stockpiles-bad
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Sustained weather-driven supply limits and a weaker dollar keep feed grain and protein input costs elevated for buyers, with upward price pressure expected to persist.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-25 | [High fertilizer prices contribute to rising global food security concerns \| IFPRI](https://feedsoft.ai/events/41764-high-fertilizer-prices-contribute-to-rising-global-food-security-concerns-ifpri.md) | +0.4% | -2.0% |
| CORN | 2022-01-19 | [High natural gas prices could lead to spike in food costs through fertilizer link \| S&P Global](https://feedsoft.ai/events/43069-high-natural-gas-prices-could-lead-to-spike-in-food-costs-through-fertilizer.md) | +2.1% | +6.9% |
| CORN | 2018-04-27 | [Rising crude prices supportive to corn market - Brownfield Ag News](https://feedsoft.ai/events/65539-rising-crude-prices-supportive-to-corn-market-brownfield-ag-news.md) | +2.1% | +4.1% |
| CORN | 2021-05-01 | [Why prices of commodities, from metals to food, are soaring](https://feedsoft.ai/events/11301-why-prices-of-commodities-from-metals-to-food-are-soaring.md) | +2.8% | -6.2% |
| CORN | 2024-09-12 | [Brazilian market has firm prices and new area cut in the summer corn crop](https://feedsoft.ai/events/13549-brazilian-market-has-firm-prices-and-new-area-cut-in-the-summer-corn-crop.md) | +4.9% | +5.1% |
| SOY | 2021-06-10 | [In the eye of the storm: How the oilseeds market emerged as the global driver of agriculture markets, its role in wider food price inflation - Fastmarkets](https://feedsoft.ai/events/46619-in-the-eye-of-the-storm-how-the-oilseeds-market-emerged-as-the-global-driver-of.md) | -7.3% | -11.0% |
| SOY | 2017-08-24 | [The Assay - Why the FED’S actions are bullish for commodity prices](https://feedsoft.ai/events/69364-the-assay-why-the-fed-s-actions-are-bullish-for-commodity-prices.md) | -1.3% | +3.8% |
| SOY | 2024-09-20 | [Bullish macro-economic environment and hot U.S. finishing weather boost CBOT prices – ProAgri Media](https://feedsoft.ai/events/5605-bullish-macro-economic-environment-and-hot-u-s-finishing-weather-boost-cbot.md) | +2.7% | -2.4% |

## Sources

- abc.net.au: https://www.abc.net.au/news/rural/2021-03-10/food-prices-around-the-world-rising/13234746

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