Items Tagged with 'dairy products'

The U.S. and Argentina on Thursday signed a reciprocal trade agreement that would allow 80,000 metric tons of U.S. beef exports to enter the country duty-free, along with other commodities like cheese, almonds, pistachios, and potatoes. 

The cost of groceries jumped in March on higher prices for meat, eggs and milk, despite an overall decline in the cost of living. The overall Consumer Price Index fell 0.1% last month.

Grocery prices were flat again in May and are up 1% over the past 12 months, as the cost of eating at home continues to moderate.

USDA on Wednesday increased its forecast for agricultural imports for fiscal 2024, while projected ag exports remain unchanged at $170.5 billion, boosting the estimated U.S. ag trade deficit to $32 billion.

The cost of eating at home fell 0.2% in April after supermarket prices were flat for two straight months, helping offset continued inflation in housing and energy costs. 

An index of world food commodity prices edged up in March after seven straight months of decline, largely driven by price increases for soybean and other vegetable oils.

Supermarket prices rose 0.4% in January despite price declines in the meat case and lower prices for milk, cereal and bakery products.

The UN Food and Agriculture Organization’s index of global food commodity prices eased again in January, led by lower prices for grains and meat, and is down 10.4% from a year ago.

Grocery prices rose just 0.1% in December for the second month in a row and are up 1.3% year over year as food inflation continues to moderate, according to the latest Consumer Price Index.