Market Analysis
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.
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.
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.