Article Date 27/04/2021

Crop prices soar to 8-year high, renewing food inflation fears

Source BNN Bloomberg

A crop rally in the U.S. is making essential food commodities dramatically more expensive, and the costs could soon spill over onto grocery store shelves.

Wheat, corn and soybeans, the backbone of much of the world's diet, are all surging to highs not seen since 2013 after gains last week had some analysts warning that a speculative bubble was forming.

Read the full article