Food price inflation poised to rise higher in Feb driven by veg oil indices rising to 4 year high | UN FAO Food Price Index 1

 

Did J.Powell speak too much on tolerating inflation yesterday – 24 February? Food price inflation is going to skyrocket in February looking at CPO Futures, soybean oil on CBOT, canola on ICE Futures and, sunflower oil on FOB Ukraine basis exacerbated by supply tightness. Sunflower oil hit US$1455/ton on FOB Ukraine basis at market close yesterday – 24 February.

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