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Global food prices increased 1.5% in September compared to the previous month, driven by a surge in cereal and vegetable oil costs, according to the UN's Food and Agriculture Organization (FAO). Dairy and meat prices saw slight declines.
Meat prices reported by the UN FAO decreased by 1.1% on a monthly basis in September.
Food price inflation slowed to 2.5% from 2.8%, while non-food inflation eased to 0.8% from 0.9%.
Spot premiums for Middle East crude benchmarks Oman and Dubai fell as data showed rising flows from the Strait of Hormuz this month. Kpler data showed crude exports from key Middle East producers rebounded in September to 12.8 million barrels per day, the highest since the war with Iran started in February.
The food and agri group said revenue rose 33% in Q2 to US$1,139 million and 32% in 6M to US$2,161 million. Net profit fell 35% in Q2 to US$28 million.
Pilgrims Pride (NASDAQ: PPC ) held its second-quarter earnings conference call on Thursday. Below is the complete transcript from the call. This transcript is brought to you APIs. For real-time access to our entire catalog, please visit for a consultation. Access the full call at Summary Pilgrims Pride reported Q2 2026
The US Consumer Price Index rose 3.4% year-over-year in July, down from June's 3.5% increase