Food prices

Energy crisis – Price increases in products due to rising electricity prices

The market is facing a new round of price hikes, as everything shows, with companies declaring themselves unable to contain rising production costs.

The energy crisis is triggering another "wave" of prices rises, causing consumer dissatisfaction, and causing a reduction in purchases to what is absolutely necessary, while many are buying cheaper, lower nutritional value products.

Forecast: Basic Food Prices in Bulgaria will Rise by Another 7% by the End of the Year

Basic food is expected to rise by another 7% by the end of the year. This is predicted by the chairman of the State Commission on Commodity Exchanges and Markets Vladimir Ivanov. However, despite the high prices of electricity and natural gas, there will be no sharp jump. The reasons are the competitive market and shrinking consumption.

Turkey to open 1,000 markets to counter high inflation: Erdoğan 

Turkey has ordered agricultural cooperatives to open about 1,000 new markets across the country to provide "suitable" prices for consumer goods, President Recep Tayyip Erdoğan said on Oct. 3.

"Markets run by Agricultural Credit Cooperatives are convenient in terms of prices and quality," Erdoğan told reporters after visiting an agricultural credit cooperative outlet in Istanbul.

Europe has no Gas and on its Knees Again in Front of Russia and the United States

The energy crisis is becoming global, Bloomberg predicts today. Countries are increasingly relying on natural gas for efforts to stop burning more coal and switch to cleaner energy sources. Countries are bidding to stockpile blue fuel, and exporters like Russia are restricting exports. The situation will worsen when temperatures drop, the agency predicts.

World Food Prices Rocket up Again in May - FAO

Global food prices surged in May at its fastest pace since October 2010, BBC reported. The foods rose by 39.7 % on monthly basis, a report by the UN Food and Agriculture Organisation (FAO) showed. The robust growth of prices was largely due to pandemic restrictions which disrupted deliveries in some parts of the world.

UN Report: Food Prices Rocket for First Time in 5 months

The UN Food and Agriculture Organization (FAO) food price index also predicted that cereal production would be 2.704 billion tonnes in 2019, slightly lower than its last forecast.

World food prices rose for the first time in five months in October, boosted by jumps in quotations for sugar and cereals, the United Nations food agency said on Thursday.

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