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18.08.26 - 15:42
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Agricultural Commodity Prices Break Out As JPMorgan′s Food Crisis Warning Gets Louder (ZeroHedge)
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Agricultural Commodity Prices Break Out As JPMorgan's Food Crisis Warning Gets Louder
JPMorgan analyst Nora Szentivanyi's warning last week that the next global food crisis could begin as early as next year has been a major wake-up call for some, adding to the growing voices on institutional desks warning that food inflation is poised to re-accelerate.
Remaining extra watchful about agricultural prices, Bloomberg reported earlier that US corn futures moved higher after preliminary results from the Pro Farmer Crop Tour indicated weaker-than-expected yields in parts of critical growing belts across the Midwest.
Corn yield estimates were about 3% below last year in Ohio and 14% lower in South Dakota. Soybean pod counts also declined, while severe storms and flooding in Indiana and Ohio added to concerns about further crop damage."
“The crop tour has somewhat buoyed markets so far, considering the expected lower yields and unfavorable weather,” said Eliza Redfern, Senior Manager ...
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18.08.26 - 12:42
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′Picky bits′ on the menu as British shoppers snap up picnic food in heatwave (The Guardian)
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Consumers also turn to supermarket deals to save money, helping slow grocery price inflationBusiness live – latest updatesShopping baskets took on a decidedly summery complexion during last month's heatwaves as consumers filled up on a British picnic staple: picky bits, and grocery inflation slowed.Spending rose on foods such as potato salad, olives and coleslaw, while ice-cream sales also increased, according to new data from Worldpanel by Numerator, a market research company. Continue reading......
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16.08.26 - 18:00
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Bruce Rockowitz on Why AI Is Reshaping Hong Kong′s Food Economy (SCMP)
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[The content of this article has been produced by our advertising partner.]
Artificial intelligence is moving quickly from experiment to operating tool, and Bruce Rockowitz believes it is becoming an important competitive advantage for Hong Kong's catering businesses as the city's food delivery economy enters a more demanding phase.
Hong Kong's online food delivery market has evolved from a pandemic-era convenience into one of the city's most intensely contested consumer sectors. Operators now......
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