WASHINGTON DC, US — The Consumer Price Index for baked foods and cereal products increased 0.4% in February, according to the Bureau of Labor Statistics of the US Department of Labor. The index for all food at home also rose, increasing 0.2%.
Of the 18 items followed by Milling & Baking News, , a sister publication of World Grain,10 posted month-over-month increases and 8 posted declines.
The February index for Cereals and Bakery Products before seasonal adjustment was 284.1% of the 1982-84 average, up 2.7% from a year ago. For all food at home, the February index was 252.7, up 3.5% from February 2020.
The CPI for cereals and cereal products in February was 231.7, down 0.3% from January but up 2.4% from February 2020. The index for products within this category included: flour and prepared mixes, 238.6, down 0.5% from January but up 1.9% from the previous year; breakfast cereal, 223.9, down 1.1% from the previous month but up 2.9% from a year ago; and rice, pasta and corn meal, 244.7, up 0.5% from January and up 2.2% from February 2020.
The price index for bakery products in February was 314.4, up 0.8% from January and up 2.8% from February 2020.
The February index for bread was 191.2, down 0.2% from January but up 2.4% from February 2020. Under this heading, the CPI for white bread was 345.2, down 0.2% from January but up 1.3% from February 2020. For bread other than white, the index was 372.7, down 0.5% from January but up 3.4% from a year ago.
The price index for fresh biscuits, rolls and muffins in February was 189.3, up 1.5% from January and up 5.2% from February 2020. The February index for cakes, cupcakes and cookies was 296.6, down 0.2% from January but up 3% from February 2020. Under this segment, other price indexes included fresh cakes and cupcakes, 314.7, down 0.6% from January but up 0.4% from February 2020; and cookies, 277.6, up 0.1% from the previous month and up 3.4% from the previous year.
The CPI for other bakery products in February was 277, up 2.1% from January and up 1.9% from February 2019. Under this heading, other price indexes in February included: fresh sweet rolls, coffee cakes and donuts, 324.7, up 0.4% from January and up 3.4% from February 2020; crackers and cracker products, 317.3, up 2% from January and up 3% from February 2020; and frozen and refrigerated bakery products, pies, tarts and turnovers, 270.4, up 1.9% from January but down 0.5% from the previous year.
KANSAS CITY, MISSOURI, US — Corn is the top produced crop in the world. Its high starch content and versatility make it useful in hundreds of products such as food and beverages, biodegradable materials, fuel ethanol and especially animal feed.
The US Department of Agriculture’s World Agricultural Supply and Demand Estimates (WASDE) projects the world will produce 1.172 billion tonnes of corn in marketing year 2022-23, of which 183.58 million tonnes will be exported. The WASDE sees individual countries’ domestic feed production using 743.05 million tonnes of corn, and global ending stocks at 304.53 million tonnes.
These are the Top 10 corn producing nations in the world, according to the September WASDE 2022-23 projections.