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According to the FAO, world food prices have dropped for the first time in four months, likely due to fears over the coronavirus (COVID-19) outbreak, but food prices still remain 8.1 percent higher than a year earlier.
New data from the Good Food Institute and the Plant Based Foods Association has shown that plant-based meat, eggs, and dairy continue to outpace conventional animal products and remain a key engine for growth in the US retail market.
A European food producer, European Freeze Dry, has reported an almost 1,800 percent rise in sales of its freeze-dried vegan and plant protein range amidst changing consumer demands.
Market threats are said to include poor climatic conditions and cheap honey imports from China.
The Food and Agricultural Organization of the United Nations (FAO) Food Price Index rose again in January 2020, mainly driven by increases in the costs of vegetable oils, sugar and wheat.
After eight years of growth, organic sales have reached their highest ever value with £200 million spent each month on organic food and drink in the UK.
The report shows that all of the UK's highest value exported products have grown, with whisky, salmon, wine, gin and pork increasing by over 10 percent on the same period last year.
World food prices rose significantly in November 2019, reaching their highest point in more than two years, driven by jumps in the international prices of meat products and vegetable oils, according to the Food and Agriculture Organization of the United Nations (FAO).
A cold and wet autumn has negatively impacted crop yields among potato farmers in North America, and concerns amongst processors are growing. Dr. Sylvain Charlebois, from Dalhousie University, explores the potential consequences and how the shrinkflation of fries and chips is a possibility.
According to IHS Markit’s Agribusiness Intelligence, global demand for ketchup is weakening, with countries such as Mexico, Japan, Saudi Arabia and South Korea reducing their intake from the US.
The European investment aims to enable food manufacturers to create calorie-reduced products with improved nutritional profiles.
Prime Minister Boris Johnson wants Brexit to go ahead at the end of October ‘no matter what,’ but industry insiders say a winter exit for the food market is not ideal.
The US and Japan have agreed an initial trade deal that will reduce or remove tariffs on traded food products.
A report indicates that animal-alternative products will drive downfall of the dairy and cattle industry in the next decade.
Global food prices dipped last month, but cereal production prospects set to increase, report reveals.
