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Sheinbaum rejects tortilla price hike announced by producers
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President Claudia Sheinbaum stated there are no reasons to raise the kilo of tortilla price starting April 15, despite the National Tortilla Council's announcement of a 2-to-4-peso increase. She instructed Agriculture Secretary Julio Berdegué to meet with producers to review the situation. Prices vary widely by region, with a national average of 24.18 pesos per kilo.
Traders at Wakulima Market in Nairobi have warned of imminent increases in food prices as transport costs surge following recent fuel price hikes.
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Global food prices have risen mildly in recent months due to geopolitical and weather concerns, yet ample supplies are keeping the situation stable for now.
The prices of major imported agricultural goods in Korea have risen sharply in recent years, outpacing global increases due to the weakening Korean won against the US dollar. Bank of Korea data shows that items like coffee and beef have seen significant hikes in won terms. This trend is exacerbating food costs amid broader economic pressures.
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After years of acceleration, food prices in Brazil are set to rise less than general inflation in 2025. Fipe data shows deflation in the food group in November, with a 2.4% year-to-date increase up to October, below the 3.3% general index in São Paulo. Good harvests of products like rice, beans, and milk explain the price drops.