AgLetter: March 1998
The rise in retail food prices slowed appreciably last year. The slowing stemmed primarily from ample supplies of most food products and from the abating inflationary pressures on the costs of processing and distributing raw food commodities beyond the farm gate. Aside from the added uncertainties relating to El Niño and to the so-called Asian crisis, the same factors suggest that 1998 will mark another year of modest gains in retail food prices.
