Organic Corn Price Increases Decellerate

Organic Corn Price Increases Decellerate

 

Inflation is the buzzword of the momentum, and the organic grain industry is right in the thick of it. Organic corn prices have increased 37% year over year in January 2022, but prices increases have decelerated. At their peak in 2021, organic corn prices were up as much as 55% year over year. The trend in organic corn prices is increasing month over month, which could provide a reacceleration in prices.

 

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Rising prices continue to be the focus of central banks and are starting to impact the consumer. Last week, the U.S. Labor Department reported a stronger than expected consumer price index driven by higher food prices. Food consumer prices increased 7% year over year, and while the acceleration in prices might begin to decelerate as the Fed starts to raise interest rates, food prices will likely remain high. The underlying issue with…

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