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Prices World food prices in January fell slightly for the tenth month in a row due to falling Prices wheat and vegetable oils, announced on Friday United Nations Food and Agriculture (FAO).
In January, the FAO Food Value Index, which tracks fluctuations in world basket prices main productsslightly decreased compared to December (-0.8%).
This figure contrasts with the peak that prices reached in March 2022, when they recorded a 17.1% increase from the previous month due to the first effects of the Revolutionary War. Ukraine.
While world cereal prices remained relatively stable, prices for rice and corn rose.
international prices rice “up 6.2% compared to December” due to “more limited supply, strong local demand in some Asian exporting countries and exchange rate fluctuations”, indicates FAO.
In addition, “due to strong export demand from Brazil and fears of drought in Argentina”, world corn prices also rose slightly.
The price of wheat fell
Instead, the price of wheat fell 2.5% due to abundant production expected in Australia And Russiawhich “exceeded forecasts,” the report said. FAO.
Prices for vegetable oils also decreased in January by 2.9%. Palm and soybean oil prices “fell on weak global import demand, while sunflower and rapeseed oil prices fell on greater export availability,” the oil body explains. United Nations.
Sugar prices also decreased compared to December 2022 (-1.1%), as well as dairy products (-1.4%).
The price of meat remained stable.
United Nations Organization He also confirmed a “reduced” supply of grain in 2022-2023, “1.7% less” than the previous year, although slightly higher than December forecasts. (AFP)
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.