date:Aug 22, 2013
han average, but on the whole we are looking at moderate food price inflation for the year, which is good news especially given the initial outlook we had when the drought broke in July and August of 2012, he says.
A main product that has seen an increase due to the droughts has been beef due to an increase in feed costs for livestock. Current beef prices have hit record levels.
Volpe says that there will be a decrease in dairy products.
We were initially forecasting pretty strong price incre