Global food prices hit record high, which stocks benefit from it?
Global food prices surged to a record high in March according to the FAO Food Price Index.![]()
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Due to supply chain issues from the pandemic, energy prices soared with the geopolitical attention mounting, and unpredicted weather factors, food prices keep going up.
The FAO Food Price Index (FFPI) is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices weighted by the average export shares of each of the groups over 2014-2016.
--- Food and Agriculture Organization of the United Nations
--- Food and Agriculture Organization of the United Nations
The FFPI jumped 12.6% from February, indicating a nearly 60% up in food prices compared to the 2014-2016 base period. It also hit a new highest level since the index was incepted in 1990.
As food prices continue to move higher, agriculture stocks become a new focus. Compare to the other industries, agriculture-related stocks are trading well.
Here are the top performers this year (as of April 14) from the event of food prices soaring, do you have any of them?![]()
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Source: statista
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Nephellium : This list is definitely creating opportunities to invest in Global food stocks.
pennypincher : it would be nice if moomoo would set these posts up so you could click on the stock and it took you to there ticker. just an idea moomoo.
Ken Gillespie : the ticker is listed.
RDK79 : Good reason to start those diets.
ru1too : the time to invest was 3 to 6 months ago. hey, this is up 80% invest in it.
chicken mctaco 69 : so short it or buy some puts?
High Profit Low Loss : Costs of food is rising. It’s an opportunity for us to look into global food and agriculture stocks. Thanks Moomoo for highlighting the list of companies to trade!
102568460 : This list are companies with >10b cap, wonder what’s the performance of those companies with
Seamus1 102568460: plz share what you find friend.
MoovDoughVa1MooX : horseS***!
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