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Every morning, the parking lot at the Harvest Moon Apartments in Salinas, a 13-acre farmworker housing community, is buzzing with people getting ready to harvest crops in Salinas Valley fields.
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CARE Ratings said the food inflation will maintain an elevated trajectory in the coming months, gradually receding by October in conjunction with the influx of fresh harvest into the market. The risk to global food prices remains elevated with recent weather-related disruptions in South Asian countries and geopolitical developments.