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Worries over surging global food costs are easing as prices of everything from cooking oils to wheat and corn tumble to the lowest levels in months on increasing physical supplies and as investors reduce their bullish bets on futures markets.
Palm oil, the world’s most consumed edible oil, has plunged more than 40% from a record close in April to the weakest level in a year, while wheat has slumped over 35% from an all-time closing high in March, and corn has dropped about 30% from its peak this year.
Russia’s invasion of Ukraine in February choked supplies of grains and sunflower oil from the Black Sea, worsening existing shortages caused by extreme weather and supply-chain chaos. This sparked fears of a global food crisis, which would hit consumers in poorer nations particularly hard. Prices are now back to levels before the invasion.
Good news with the falling prices. However from what has been published, the shipments have been contracted with the higher prices. The government may be in a position to subsidize nfm, it will be interesting to see what the private producers do. My feeling is not a single cent reduction in the prices for a few months still.daring dragoon wrote:Worries over surging global food costs are easing as prices of everything from cooking oils to wheat and corn tumble to the lowest levels in months on increasing physical supplies and as investors reduce their bullish bets on futures markets.
Palm oil, the world’s most consumed edible oil, has plunged more than 40% from a record close in April to the weakest level in a year, while wheat has slumped over 35% from an all-time closing high in March, and corn has dropped about 30% from its peak this year.
Russia’s invasion of Ukraine in February choked supplies of grains and sunflower oil from the Black Sea, worsening existing shortages caused by extreme weather and supply-chain chaos. This sparked fears of a global food crisis, which would hit consumers in poorer nations particularly hard. Prices are now back to levels before the invasion.
https://www.bloomberg.com/news/articles ... -in-a-year
who say PNM not to blame for increasing prices of food. world prices on corn, wheat, cooking oil plumet to levels before invasion and yet the PNM say raise the price and they dotish supports behind them 100%
daring dragoon wrote:people does still lime on the avenue? them limers hadda be in they 40's by now.
Correct boy Max.The zen, 51, and cockroach lounge crowd killed the liming scene.IMO,that crowd just wanted to be seen, like the pretentious IG posse.I don't knock beers though.I only drink Daroo.MaxPower wrote:daring dragoon wrote:people does still lime on the avenue? them limers hadda be in they 40's by now.
Yeh boy dd,
Plenty 40 year olds with pot belly and dark eyes.
Level teeny boppers too on the facebook and IG live hashtagging, boomeranging and @-ing.
Chants of “we outside” can be heard.
My rum cork days done since the great era of Pier 1, Beer Garden and $5 beastly cold rum shop beers in Curepe.
Dem places like Zen and Space n sheit turn me off. The younger folks kill the scene.
Timelapse go tell yuh the scene back in the day, me and he i sure met up and knock back a few.
bluefete wrote:Royal Castle 1 piece and fries went from $20 to $22.00
A little less than TWO WEEKS LATER it is now $24.95.
They could keep it.
timelapse wrote:Correct boy Max.The zen, 51, and cockroach lounge crowd killed the liming scene.IMO,that crowd just wanted to be seen, like the pretentious IG posse.I don't knock beers though.I only drink Daroo.MaxPower wrote:daring dragoon wrote:people does still lime on the avenue? them limers hadda be in they 40's by now.
Yeh boy dd,
Plenty 40 year olds with pot belly and dark eyes.
Level teeny boppers too on the facebook and IG live hashtagging, boomeranging and @-ing.
Chants of “we outside” can be heard.
My rum cork days done since the great era of Pier 1, Beer Garden and $5 beastly cold rum shop beers in Curepe.
Dem places like Zen and Space n sheit turn me off. The younger folks kill the scene.
Timelapse go tell yuh the scene back in the day, me and he i sure met up and knock back a few.
RedVEVO wrote:bluefete wrote:Royal Castle 1 piece and fries went from $20 to $22.00
A little less than TWO WEEKS LATER it is now $24.95.
They could keep it.
If you buying a one piece and complaining , there seems to be deeper issues involved here![]()
Maybe if you do not buy the sky will fall .
pugboy wrote:will the sky fall if the chinese raise them box of noodles and couple lil chopped pieces?
The daroo part ent?If dais the case, we really could limeRedVEVO wrote:timelapse wrote:Correct boy Max.The zen, 51, and cockroach lounge crowd killed the liming scene.IMO,that crowd just wanted to be seen, like the pretentious IG posse.I don't knock beers though.I only drink Daroo.MaxPower wrote:daring dragoon wrote:people does still lime on the avenue? them limers hadda be in they 40's by now.
Yeh boy dd,
Plenty 40 year olds with pot belly and dark eyes.
Level teeny boppers too on the facebook and IG live hashtagging, boomeranging and @-ing.
Chants of “we outside” can be heard.
My rum cork days done since the great era of Pier 1, Beer Garden and $5 beastly cold rum shop beers in Curepe.
Dem places like Zen and Space n sheit turn me off. The younger folks kill the scene.
Timelapse go tell yuh the scene back in the day, me and he i sure met up and knock back a few.
x 3001
Classical response by my brother Timex![]()
Let's get a room
MaxPower wrote:Avenue was pumping weekend.
Rel food selling
paid_influencer wrote:I sometimes line up to buy food, look up at the menu, recognize nothing is priced where I feel comfortable, and I simply walk out. No bawl up, no dramatics, just walk out. People sometimes look at me strange when I walk out. I have rarely seen others do the same.
so bluefete, I support you for walking out. Nothing wrong in that and no shame in that.
dogg wrote:Oye, maxipad, a new Massy Stores opening in San Juan soon.
You and the rest of your Guyanese leechers and misfits could go and dress up to take selfies there.
In TnT we have a name for your kinda people well many names, but one is "never-see-come-see" Ask a trini acquaintance to define it for you.MaxPower wrote:Avenue was pumping weekend.
Rel food selling
Anyway, for the Trinis posting here, A lotta small/medium food outlets closing up shop. They gotta raise prices too high to continue making any kinda sustainable profit.
bluefete wrote:dogg wrote:Oye, maxipad, a new Massy Stores opening in San Juan soon.
You and the rest of your Guyanese leechers and misfits could go and dress up to take selfies there.
In TnT we have a name for your kinda people well many names, but one is "never-see-come-see" Ask a trini acquaintance to define it for you.MaxPower wrote:Avenue was pumping weekend.
Rel food selling
Anyway, for the Trinis posting here, A lotta small/medium food outlets closing up shop. They gotta raise prices too high to continue making any kinda sustainable profit.
Rebranding Ramesh and Leela?
dogg wrote:bluefete wrote:dogg wrote:Oye, maxipad, a new Massy Stores opening in San Juan soon.
You and the rest of your Guyanese leechers and misfits could go and dress up to take selfies there.
In TnT we have a name for your kinda people well many names, but one is "never-see-come-see" Ask a trini acquaintance to define it for you.MaxPower wrote:Avenue was pumping weekend.
Rel food selling
Anyway, for the Trinis posting here, A lotta small/medium food outlets closing up shop. They gotta raise prices too high to continue making any kinda sustainable profit.
Rebranding Ramesh and Leela?
Diskomart? I thought so myself, but then someone said it'll be on the other side of highway, In front of Peakes. We'll know in a few days.
Maxipad excited. He can't wait to send pix back to Guyana posing in front of a new Massy.
daring dragoon wrote:built is an they will come. you aint see by brentwood they cutting a road to come back out onto the hiway among other improvements. soon movie town central will reopen in brentwood. was a deal between d grocery and the chinese man just like in guyana.
daring dragoon wrote:built is an they will come. you aint see by brentwood they cutting a road to come back out onto the hiway among other improvements. soon movie town central will reopen in brentwood. was a deal between d grocery and the chinese man just like in guyana.
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