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Shining Light on Farm & Food Policy for 20 Years.
Thursday, December 26, 2024
A measure of world food commodity costs fell for the sixth month in a row in September, led by lower prices for vegetable oils and dairy and meat products that offset gains in grain markets.
FAO's gauge of global food prices fell for the fifth consecutive month in August, led by continued softening in wheat markets, but remained 7.9% above its level a year ago.
Global prices for food commodities dropped sharply in July, led by declines in vegetable oil and grain markets, but food costs overall remain 13% above the level a year ago.
Illinois Democrat Cheri Bustos is hitting the road next week for a listening session that she says is going to be important as lawmakers gear up for the next farm bill.
The executive director of the World Food Program says the global food crisis stands to get even worse in 2023 because of possible reductions in farm production due to shortages of affordable fertilizer.
Labor unions are joining up with ocean carriers to fight proposals in Congress to reform rules for shipping U.S. food aid. Under cargo preference requirements, half of the food must be shipped on U.S.-flag carriers.
