Why the price of your groceries is about to increase:

Published

4 years ago

June 3, 2021

Anthony Lucas

Food across the world has reached its highest price in almost a decade

The rising costs are heightening concerns over grocery bills as economies struggle to exit the Covid-19 crisis.

A United Nations gauge of world food costs climbed for a 12th straight month in May, the longest stretch in a decade.

Droughts in key Brazilian growing regions have destroyed crops and vegetable oil production in southeast Asia has slowed down.

“A surge in the international prices of vegetable oils, sugar and cereals led the increase in the index,”
a UN spokesperson says.

The prolonged gains across the staple commodities are trickling through to store shelves, with countries from Kenya to Mexico reporting higher food costs already.

The pain could be particularly felt in some of the poorest import-dependent nations, which have limited purchasing power and social safety nets as they grapple with the coronavirus pandemic.

The UN’s index is treading at its highest since September 2011.

Last month’s gain of 4.8% has become the biggest increase in more than 10 years.

All five components of the index rose during the month, with the advance led by pricier vegetable oils, grain, and sugar.

Iran and Israel on the brink of all out war as oil prices teeter

“Israel and Iran escalate conflict with missile strikes and nuclear threats, risking oil price volatility and broader geopolitical instability as global leaders urge calm.”

Published

11 hours ago

June 16, 2025

Ahron Young

“Israel and Iran escalate conflict with missile strikes and nuclear threats, risking oil price volatility and broader geopolitical instability as global leaders urge calm.”

Israel and Iran on Brink of War as Oil Prices Teeter — Tensions erupt across the Middle East as Israel and Iran exchange missile strikes, threaten full-scale war, and target nuclear sites.

Civilians are caught in the crossfire while top generals are killed and the U.S. warns Tehran against further escalation. With G7 leaders urging calm, global markets brace for oil price shocks and broader instability.

Professor Tim Harcourt joins Ticker to analyse the stakes and what comes next.

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#IsraelIranConflict #MiddleEastTensions #G7Summit #OilPrices #GlobalMarkets #Geopolitics #NuclearThreat #TickerNews

News

Amazon bets $20 bilion on AI in Australia amid energy crunch

Amazon invests $20B in Australian AI infrastructure, raising concerns about the energy grid’s capacity amid growing nuclear power discussions.

Published

11 hours ago

June 16, 2025

Ahron Young

Amazon invests $20B in Australian AI infrastructure, raising concerns about the energy grid’s capacity amid growing nuclear power discussions.

Amazon Bets $20 Billion on AI in Australia Amid Energy Crunch — Amazon is investing big in Australia, announcing a massive $20B spend on local data infrastructure to support AI growth.

But can the nation’s energy grid keep up? With calls for nuclear power growing louder and the Albanese government pushing digital productivity, Ticker speaks to expert Chris to unpack what this means for Australia’s tech future.

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#AmazonAI #AustraliaTech #DataCentres #NuclearDebate #AIInvestment #DigitalEconomy #EnergyCrisis #TickerNews

News

Israel and Iran trade missiles as G7 Leaders push for calm

Israel and Iran clash with missile strikes amid G7 calls for calm, as civilians suffer the consequences and global tensions rise.

Published

12 hours ago

June 16, 2025

Ahron Young

Israel and Iran clash with missile strikes amid G7 calls for calm, as civilians suffer the consequences and global tensions rise.

Israel and Iran Trade Missiles as G7 Leaders Push for Calm — Civilians are caught in the crossfire as tensions explode between Israel and Iran. With over a dozen dead, including children, both sides are urging evacuations near military zones.

As the G7 summit unfolds, Germany and the U.S. plead for peace, but with nuclear sites in the crosshairs and oil prices teetering, the world is holding its breath. What’s next? Professor Tim Harcourt joins Ticker to break it down.

Tehran Metro, planned as a shelter, is closed

Despite government claims it would stay open 24/7, the metro was shut. pic.twitter.com/d7GHUaeL9k

— Clash Report (@clashreport) June 15, 2025