FMI Statement on September 2026 CPI Food Price Numbers

Today [October 14, 2026], FMI – The Food Industry Association commented on the September Consumer Price Index (CPI) numbers from the U.S. Bureau of Labor Statistics (BLS), which show a decrease of 0.1% for food-at-home inflation in September and a 1.8% increase over the last 12 months. FMI Vice President, Tax, Trade, Sustainability and Policy Development Andy Harig offered the following statement.  

“September’s CPI report should once again be welcome news for grocery shoppers, as food-at-home prices declined slightly for the month of September. In particular, key staples like beef and dairy saw notable declines...

ANALYSIS: El Niño Intensifies, What It Means for Brazil's Meat and Feed Macro Ingredient Markets

The National Oceanic and Atmospheric Administration (NOAA), through its Climate Prediction Center (CPC), issued a September 10 bulletin — tracked by Brazil's National Meteorological Institute (INMET) — showing an El Niño that has moved from La Niña conditions in January to a "very strong" event in under nine months, one of the fastest El Niño-Southern Oscillation (ENSO) reversals on record. The Niño 3.4 index, the standard reference region for ENSO strength, reached +1.8°C in the latest...

FMI Issues Statement on August 2026 CPI Food Price Numbers

Today, FMI – The Food Industry Association commented on the August Consumer Price Index (CPI) numbers from the U.S. Bureau of Labor Statistics (BLS), which show flat food-at-home inflation for August and a 2.2% increase over the last 12 months. FMI Vice President, Tax, Trade, Sustainability and Policy Development Andy Harig offered the following statement.

“The August CPI numbers bring some modest relief for grocery shoppers, with food-at-home inflation holding steady from July, though households continue to navigate the impact of higher prices throughout the economy. The...

Middle East Market Intelligence Brief: Week Ending September 4, 2026

The US and Iran exchanged their heaviest fire since July, heightening concerns that the escalation could continue to disrupt energy flows through the Strait of Hormuz and add to global inflationary pressures.

At the same time, stepped-up US efforts to curb Iran’s oil exports and sanctions evasion are worsening Tehran’s economic strain. Falling oil revenues, a record-low rial, and accelerating inflation could increase pressure on Iran to negotiate, while also raising the risk of further escalation.

Below is Expana’s weekly summary of the war’s most significant effects on...

Middle East Market Intelligence Brief: Week Ending August 28, 2026

US sanctions on Iran intensified this week, with Washington targeting entities linked to Tehran’s oil, shipping, and financial networks whilst threatening secondary sanctions on countries doing business with Iran.

Qatar is stepping up mediation efforts to reopen the Strait of Hormuz, with Iran preparing conditions for restoring normal shipping.

US forces say international lanes are open after mine-clearing operations, but traffic remains well below normal levels amid continued tensions and sanctions.

Below is Expana’s weekly summary of the war’s most significant effects on global commodities. For the latest real-time updates, follow...

Middle East Market Intelligence Brief: Week Ending August 14, 2026

The US said Thursday it could sustain its naval blockade of Iran indefinitely and vowed tougher economic pressure as ceasefire talks stall and tensions around key shipping routes, including the Strait of Hormuz, intensify.

Iran, meanwhile, has tightened pressure on Hormuz, where attacks on vessels and sharply reduced traffic threaten a key global energy artery.

With talks stalled and pressure mounting over fuel prices, Washington appears increasingly focused on economic measures, while the war’s trajectory remains closely linked to Iran’s position on the Strait of Hormuz and its potential impact on global energy markets.

Below is Expana’s weekly summary of the...

FMI Statement on July 2026 CPI Food Price Numbers

Today, FMI – The Food Industry Association commented on the July Consumer Price Index (CPI) numbers from the U.S. Bureau of Labor Statistics (BLS), which show a 0.1% decrease in food-at-home prices for July and a 2.7% increase over the last 12 months, which is unchanged from June. 

FMI Vice President of Tax, Trade, Sustainability and Policy Development Andy Harig stated, “July’s food price inflation figures continue the period of cooling we experienced in June, which should be welcome news for grocery shoppers. Notably, key staple categories saw decreases for...

Middle East Market Intelligence Brief: Week Ending August 7, 2026

President Donald Trump’s war with Iran has reached its sixth month, lasting far longer than the weeks-long conflict he initially predicted. A combination of diplomatic efforts and renewed military threats this week has highlighted the limited options before the White House as it looks for a way to end the war.

The administration now faces a decision: continue escalating pressure on Iran or pursue negotiations aimed at reaching a resolution...

El Niño to Impact Trade? Panama Canal Could Suspend Vessel Bookings, Says Bloomberg

As of July 21, operators at the Panama Canal could curtail some vessel booking slots due to water-supply challenges, reported Bloomberg. Previously, Expana's team flagged this possibility during a June 25 webinar, according to Weather & Crop Researcher, James Tyler. Affected commodities could range from corn and soybeans, to fruit, vegetables, seafood, and more.

On July 7, the Panama Canal Authority (ACP) could reduce the maximum authorized vessel draft for its largest locks to 44 feet by...

PODCAST: Ep. 40 - Middle East Conflict, Football World Cup, El Nino

In episode 40 of Agri-Food for Thought, we return with a new format, featuring guests.

We kick off with a news round-up (Middle East conflict situation, Super El Nino).

Then follows a FIFA Football 2026 World Cup update (featuring guests Jaime Almeida, Market Reporter - Beef at Expana, talking about Mexican trends; Ryan Gallagher, Editor at Expana, discussing US beer trends; and an account of a recent interview Simon Duke had with the National Restaurant Association).

The episode concludes with a brief segment by Lisa Guiraud

Crop-Threatening 'Super El Niño' Also Likely to Create Regional Winners, Say Expana Experts

This year’s (2026-2027) El Niño weather phenomenon can significantly affect global commodities, and food price inflation can be expected, especially if it is confirmed to be what is commonly known as a ‘Super El Niño’.

While most of the mainstream media's focus is on the devastating consequences of the Super El Niño phenomenon, it is worth noting that it will have a large but also highly varied economic impact across different regions. There are both winning and losing countries - and by extension, agricultural commodities

FMI Statement on May CPI Food Price Numbers

Today, FMI – The Food Industry Association commented on the May Consumer Price Index (CPI) numbers from the U.S. Bureau of Labor Statistics (BLS), which shows a 0.1% increase in food-at-home prices for May and a 2.7% increase over the last 12 months.

FMI Vice President of Tax, Trade, Sustainability and Policy Development Andy Harig stated, “Today's CPI numbers for food at home represent a clear cooling from April’s elevated figure and should be welcome news for grocery shoppers facing an otherwise challenging inflationary environment. Food-at-home inflation increased just 0.1% in May and 2.7% over the past year...

Middle East Market Intelligence Brief: Week Ending June 5, 2026

As the Iran war heads into its fourth month, Hezbollah rejected a US-brokered ceasefire proposal in Lebanon, while Israel said it would continue operations and not withdraw troops, despite Trump’s claims of progress toward a wider regional peace effort involving Iran.

Meanwhile, fighting and strikes continue across Lebanon, Gaza, and the Gulf region, with tensions persisting around key energy routes like the Strait of Hormuz.

Below is Expana’s weekly summary of the war’s most significant effects on global commodities. For the latest real-time updates, follow the Middle East Conflict tag...