Market Analysis
An oil price of $120 a ton could send the global economy into a major recession and fan inflation in the U.S., which Jim Wiesemeyer says is already in double digits for rural Americans.
Orange-juice futures in New York are heading for a 15th straight day of losses, the worst rout in records back to 1967.
U.S. Senator Kirsten Gillibrand, D-N.Y., has asked the U.S. Department of Agriculture to investigate why produce-grower prices have stayed stagnant or declined while prices have increased along the supply chain.
Global data group, Information Resources, Inc. confirms food inflation persists in new report. Fresh fruit leads inflation increases in retail, with a monthly price jump of 5.3% in August.
The year-end results highlight the challenge facing regional grocers in growing e-commerce in today’s competitive environment.