Trade
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Commodity Prices Stable in March, But Concerns over Trade Remain
The FAO Food Price Index remained stable in March, with falling cereal and sugar prices balancing rising meat and vegetable oil prices. The Index was almost 7 percent higher than its March 2024 level but still remains significantly below March 2022 levels.
How ‘reciprocal tariffs’ harm agricultural trade
First in a blog series examining the potential consequences of the newly proposed U.S. tariffs for global agrifood trade.
High global phosphate prices pose potential food security risks
Fertilizer prices experienced a significant surge in 2021, driven by the post-COVID 19 global economic recovery. Russia’s February 2022 invasion of Ukraine propelled prices even higher. Broad economic sanctions on key fertilizer exporters Russia and Belarus exempted agricultural products but triggered further economic disruptions. Overall, the conflict heightened market uncertainties regarding the availability of potash, phosphate, and nitrogen-based fertilizers in international trade.
Food, Fertilizer Prices Continue to Rise Amid Trade Uncertainties
Rising vegetable oil, cereal, sugar, and dairy prices drove the FAO Food Price Index up by 1.6 percent in February. However, overall prices remain almost 21 percent lower than the peak seen in March 2022.
Impact of proposed U.S. tariffs on agricultural trade flows in the Western Hemisphere
With new U.S. tariffs on Canada and Mexico now in effect, what are the potential impacts on trade among those countries and across the Western Hemisphere?