HomeEconomyWorld food prices are...

World food prices are falling

Prices for sugar, meat and grain have decreased, while prices for vegetable oils and dairy products, on the contrary, have increased.

World food prices fell again in August. The decrease in prices for sugar, meat and grains exceeded the increase in prices for vegetable oils and dairy products. This was announced by the UN Food and Agriculture Organization (FAO) on Friday, September 6.

The FAO food price index in August 2024 was 120.7 points, slightly lower than the revised figure for July.

The index in August was 1.1% below the corresponding value last year and 24.7% below the peak of 160.3 points reached in March 2022 after Russia’s invasion of Ukraine.

It means FAO Cereal Price Index in August reached 110.1 points, which is 0.5% lower than the value in July and 11.9% lower than the value in August 2023. World export prices for wheat decreased compared to the previous month.

FAO Oil Price Index in August averaged 136.0 points, up 0.8% from the previous month and reaching its highest level since January 2023. The slight increase mainly reflected higher global palm oil prices, more than reducing lower quotations for soybean, sunflower and rapeseed oil.

It means FAO Dairy Price Index in August reached 130.6 points, which is 2.2% higher than in July and 14.2% higher than the corresponding value last year.

FAO Meat Price Index in August averaged 119.5 points, down 0.7% from July but still 3.7% higher than last year.

It means FAO Sugar Price Index in August was 113.9 points, down 4.7 percent from July and 23.2 percent lower than a year earlier, reaching its lowest level since October 2022.

Let us remind you that in Ukraine there is a drop in prices for fresh vegetable crops and eggs. At the same time, sugar traditionally becomes more expensive in the summer.

Food inflation has risen sharply in Russia
New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Gur died one of the most tanny RLS Okpandov in Crimea (video)

The military units of the Basic Main Directorate of the Ministry of Defense of Ukraine during a recent operation in the territory of temporarily occupied Crimea were struck by one of the most valuable radar stations in the arsenal of the state-98L6 aggressor...

50 houses organized in the beech as a result of a Russian attack (photo)

In the loaf of more than 50 houses, kindergarten and church are damaged as a result of a night attack. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The mayor...

Large large -scale dryness of fire on an area of 25 hectares of licking on Odesschina (photo)

In the Odessa region, firefighters eliminated a large scale from the fire of dry vegetation in the region of about 25 hectares. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...