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4 Stocks to Buy as Food Prices Continue to Rise -Breaking

by Mike Robinson

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© Reuters. Four Stocks You Should Buy As Food Prices Keep Rising

We believe it would be smart to buy shares in quality stocks Danone (DANOY) (OTC :)), Sysco(SYY), Tyson, and Darling Ingredients. Both stocks are expected to produce significant returns in near-term. So, let’s take a closer look.The FAO Food Price Index (FFPI) averaged 130 points in September 2021, up 1.2% from August 2021 and 32.8% year-over-year. The huge rise in prices was caused by high fuel costs, poor weather and COVID-19-related supply chain problems.

Furthermore, the demand for environmentally-friendly food products is boosting the industry’s growth. A Market Research Future report estimates that the Plant-Based Food Market will reach $37.98 Billion by 2027. This is a 10.2% annual growth rate. Investors’ interest in food stocks is evident in the Invesco Dynamic Food & Beverage ETF’s (PBJ) 3.3% returns over the past month.

We believe it would be prudent to place now your money on high-quality food stocks Danone S.A. Tyson Foods Darling Ingredients Inc. and, Inc. They stand to benefit from the rise in food prices.

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