Corona, Wheat Prices... ECA Has Been Implemented Several Times Before, Know in What Situation This Happens
The Indian government has re-enacted the Essential Commodities Act (ECA) to ensure LPG availability amid geopolitical tensions, aiming to control supply and prevent hoarding.
Food prices increase in February for the first time in five months
Food prices have risen in February for the first time in five months, driven primarily by increases in wheat, vegetable oils, and meats, as reported by the FAO.
Kenya: Sugar, Wheat Flour, Mangoes and Electricity Prices Fall in Feb
In February, key commodity prices in Kenya, including sugar and wheat flour, saw a decline, contributing to a decrease in inflation to 4.3 percent.
Argentina shook the market: it made an unprecedented sale of wheat to the United States
Argentina has negotiated an unprecedented sale of wheat to the United States, specifically to Florida, with around 40,000 tons expected to be shipped at competitive prices.
Markets: Is a Price Increase Coming for Argentine Wheat?
Export demands for Argentine wheat are growing amid price uncertainties as sales slow down, potentially leading to higher prices in the coming months.
Indian Farmers Paying the Price for This International Agreement
In January 2022, 28 U.S. lawmakers requested President Biden to file a complaint against India in the WTO, alleging that India was violating trade rules by subsidizing wheat production above 10%, which harms American farmers due to lower prices in the global market.
Wheat flour price collusion of 6 trillion discovered… President Yoon says "the prosecution has achieved great results"
Prosecutors indicted 20 individuals, including CEOs of six flour milling companies, for colluding to manipulate wheat flour prices in South Korea, prompting President Yoon Suk-yeol to commend the prosecution's efforts.