Food inflation may have peaked as US crops prospects improve

Image source: Bloomberg Intelligence. This analysis is by Bloomberg Intelligence Industry Analyst Alvin Tai. It appeared first on the Bloomberg Terminal. Bloomberg – July 4, 2022.

Global food inflation concerns may start to ease as the current US planting season progresses, where conditions are better than last year and should produce higher crop yields. The end of La Nina could ensure generally favorable weather for farming in the months ahead, a reversal from the broadly adverse conditions of the past two years. […]

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