World prices for vegetable oils, dairy products, and sugar have risen. At the same time, grain and meat prices fell.
World food prices in November this year decreased by 10.7% compared to the same month last year, and did not change compared to the revised level of October. This was announced by the UN Food and Agriculture Organization FAO on Friday, December 8.
The FAO Food Price Index, which tracks monthly changes in international prices for a range of food products worldwide, stood at 120.4 points in November.
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In November, an increase in world quotations of butter and skimmed milk powder was recorded, which was associated with high import demand from North-East Asian countries, limited supplies and an increase in domestic demand on the eve of winter holidays in the West. Europe.
The increase in sugar prices recorded in November was mainly due to growing concerns about a reduction in global export supply this season amid deteriorating harvests in Thailand and India, which are the main exporters.
Let us remind you that earlier the Ukrainian government reduced the list of socially significant products. Excluded from the list: granulated sugar, domestically produced pasta and butter with a fat content of 72.5%.
Source: korrespondent
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.