Global

Food prices flat, still at pre Russia-Ukraine War level

  • Food prices down 0.1% mom in October (7th consecutive monthly decline). Still up 2% yoy and 49% from May 2020 trough

  • Global demand slowdown, reopening of Ukraine's Black Sea ports (a fragile deal)

  • High household spend on (and high imports of) food in Bangladesh, Egypt, Jordan, Lebanon, Nigeria, Pakistan, Philippines

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November 4th, 2022
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