Food Inflation: Tight Grain, Oilseed Supplies to Keep Prices Elevated

Food Inflation: Tight Grain, Oilseed Supplies to Keep Prices Elevated
Ibrahim Shaikh, a farmer, winnows paddy in a field at Kadadhe village in the western state of Maharashtra, India, on Oct. 17, 2022. Rajendra Jadhav/Reuters
Reuters
Updated:

SINGAPORE—Drought or too much rain, the war in Ukraine, and high energy costs look set to curb global farm production again next year, tightening supplies, even as high prices encourage farmers to boost planting.

Production of staples such as rice and wheat is unlikely to replenish depleted inventories, at least in the first half of 2023, while crops producing edible oils are suffering from adverse weather in Latin America and Southeast Asia.