Food prices to increase lower than expected this year - IERiGŻ

Food prices growth this year might be lower than previously expected, economists from the Institute of Agricultural and Food Economics (IERiGŻ) said. “After the decline in March, retail prices for food in April have not changed, indicating that the rise in retail prices for food in 2017 will not be as dynamic as expected, after a prolonged process of relative price declines,” the report said. The Institute expects a slight improvement of the market conditions in the coming months. “ In the Institute's assessment, in the coming months, a slight improvement in market conditions of agricultural production can be expected. “This should be supported by rising food prices, improving global commodity markets, seasonal supply declines in most plant products, and possible seasonal increases in the purchase price of pigs and poultry.”