The global prices of major food commodities such as wheat and corn have declined in recent weeks from record highs reached in March after Russia invaded Ukraine, according to FAO’s figures. However, the prices still remain significantly elevated compared to where they were a few years ago.  The resumption of grain exports from Ukraine is expected to further ease the global food shortage and put downward pressure on prices. The falling food prices may impact companies in the food business differently. Grain Trading Companies May See Pressure on Profit Margins Bunge (BG) and Archer Daniels Midland (ADM) dominate the global supply of agricultural commodities such as wheat, corn, and soybeans.
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Kraft Heinz (NASDAQ:KHC)
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