World food prices fell during the month of December but 2022 was still a record year.
The United Nations’ World Food Price Index was 1.9 percent lower than in November sitting at 132.4. On the year, however, the international price of commodities was more than 14 percent higher.
Vegetable oil and cereal prices both fell last month. The dairy price index was up more than a percentage point in December following months of declines.
Related Stories
Limited imports could improve feeder-cattle supplies, but reopening depends on continued screwworm control and strict inspections.
USDA Under Secretary for Trade Luke Lindberg discusses the Port of Seattle’s role in ag exports, meetings with Washington producers, and the administration’s priorities for trade and expanding export opportunities.
RealAg Radio’s Shaun Haney says Canadian farmers are encouraged by improving crop conditions, but are watching the weather and USMCA negotiations closely.
Strong new-crop soybean demand and rising corn shipments provided the clearest support in an otherwise mixed report.
USMCA negotiations now include concerns over Mexico’s water treaty compliance, while the U.S. advances a federal investigation into lamb imports that could lead to new trade protections.
The lack of progress on agricultural negotiations leaves producers relying more heavily on bilateral trade agreements.
