World prices for grain, vegetable oil and dairy products fell. At the same time, the price of meat and sugar increased.
World food prices fell 0.7% in February. Over the year, food prices fell by 10.5%. This was reported by the UN Food and Agriculture Organization FAO.
The FAO Food Price Index, which tracks monthly changes in international prices for a range of commodities, fell to 117.3 points.
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For wheat, the drop in world prices is mainly a result of lower export prices due to high export rates from Russia, which puts downward pressure on prices from other countries, particularly that the European Union.
Let us remind you that in Ukraine in January, prices for fermented milk cottage cheese, hard and semi-hard cheese, sour cream, kefir and butter have increased.
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.