Food Inflation Continues

The global commodity super cycle began in mid-2020 according to the UN/FAO data.  It was driven by production slowdowns from COVID and super-charged by stimulus and drought risks.  The  cycle continues to raise the cost of global food led by vegetable/palm oils and lagging in meats.  Recent price declines among key commodity futures    markets suggest a correction in sentiment but are unlikely to end this   cycle. – Brett Stuart

 

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