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Tag Archives: Food prices

What is heatflation? How does it affect the food industry?

Everyone is familiar with the word inflation. Shrinkflation (companies reducing the quantity of certain products) is also a term we have heard frequently recently. But have you heard of Heatflation? What is heat inflation? Climate change and the resulting hot weather and extreme climatic events directly affect agricultural activities. As …

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YUMAKLI: WE WILL FIGHT EXORBITANT PRICE HIKES!

Agriculture and Forestry Minister Ibrahim Yumaklı addressed Friday the issue of exorbitant price hikes, noting authorities would undertake the required steps against all the sectors identified doing this practice, highlighting at the same time they would continue to protect producers to ensure sustainable production. Yumaklı, in his speech at the …

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PACE OF INCREASE IN AGRICULTURAL INPUT PRICES SLOWS…

The agricultural input price index soared by 2.6 percent monthly in September, slowing from the 6.9 percent rise recorded in August. Consequently, the year-on-year increase in the input prices eased from 41.3 percent to 40.97 percent, according to the data from Turkish Statistical Institute (TÜİK). The input prices have risen 33 percent since December 2022. …

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FAO; COUNTRIES REQUIRING EXTERNAL ASSISTANCE FOR FOOD

FAO assesses that globally 46 countries/territories, including 33 in Africa, ten in Asia, two in Latin America and the Caribbean and one in Europe, are in need of external assistance for food. Persisting and intensifying conflicts are key drivers of the severest levels of acute food insecurity, with recent concerns …

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LUIS PLANAS: OLIVE OIL MAY BECOME A ‘LUXURY PRODUCT’ IN SPAIN!

Country on track to produce less than 800,000 tons of olive oil this year, down from 1.4M in 2021… Alyssa McMurtry… OVIEDO, Spain The Spanish agriculture minister said Monday he was worried that olive oil could become a “luxury product” in Spain. “Gourmet products add a lot of value to …

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DANIELLE NIERENBERG: ‘HEATFLATION’ DISRUPTS THE FOOD PRICES!

It’s been an extremely hot couple weeks since we last spoke. Europe has had devastating fires, and more than 2,000 people have died there of heat-related illness. China and India sizzled in extreme heat, and the consequences for countries in the Global South were devastating. In Seville, Spain, the deadly …

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NO SUPPLY SHORTAGES EXPECTED IN GRAINS!

No supply shortages of grains are expected due to the conflict between Russia and Ukraine, two countries that supply a substantial amount of Turkey’s grain imports, the country’s agriculture ministry said. Russia’s all-out invasion of Ukraine as of Thursday has raised the prospect of tighter supplies in commodities, due to the possibility …

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SETBİR EXPECTS A CHANGE IN FOOD PRICES!

SETBİR expects a change in food prices due to the decrease in foreign exchange… İsa Coşkun, Chair of the Turkish Dairy, Meat, Food Industrialists and Producers’ Association (SETBİR), said that taking into account the intense competition in our sectors, it is inevitable that there will be changes in costs and …

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PAKDEMİRLİ: GREEN ECONOMY IS NOW INEVITABLE

‘Agriculture, forest, water become more important than ever before’ Excessive demand, logistical, labor problems, high energy costs cause increases in food prices, says Bekir Pakdemirli… Agriculture, forest and water have become more important than ever, Turkey’s agriculture and forestry minister said Thursday. Bekir Pakdemirli “Creating a sustainable economy on the …

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HOW DOES SHRINKINFLATION AFFECT FOOD PRICES?

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