The biggest growth was recorded in sugar categories, dairy products and vegetable oils, while the meat price index remained stable.
The FAO Food Index in February 2025 costs 127.1 points, 1.6% higher than the January indicator. Growth is due to increased sugar prices, dairy products and vegetable oils. FAO reported it.
Generally, the index exceeds the February 2024 level of 8.2%. At the peak level, this index was in March 2022 was 160.2.
The FAO grain price index in February reached 112.6 points, which was 0.8 points (0.7%) higher than January, but by 1.2 points (1.1%) below the February 2024 level.
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Export prices for wheat have increased due to the reduction of domestic reserves in the Russian Federation, which limited export volumes and transferred demand for other suppliers, rising prices in the world. Additional pressure creates anxiety about adverse weather conditions in Europe, Russia and USA.
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World prices for corn continue to rise due to the reduction of periodic reserves in Brazil, a breakdown in the state of harvesting in Argentina and high export demand for American corn.
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Barley and Sorghum prices have also increased.
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At the same time, the FAO Rice Index fell 6.8% in February due to a huge export reserve and weak import demand.
FAO vegetable oil prices in February reached 156.0 points, 3.0 points (2.0%) more than January, and 35.1 points (29.1%) were higher than February last year.
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Palm oil prices were resumed after the decline of January, associated with a reduction in the work -up -time labor in Southeast Asia and the hope of an increase in demand from Indonesia’s dimensions.
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World prices for soy oil have increased due to stable high demand, especially in the food sector.
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Increasing the cost of sunflower and rapeseed oils is due to fear of possible reduction of stocks in the coming months.
The FAO meat price index in February reached 118.0 points, which only 0.1 points (0.1%) below January level, but by 5.4 points (4.8%) above last year’s level.
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Prices for poultry meat have been reduced due to excessive worldwide equipment due to Brazil’s high export capabilities.
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The pork has fallen in price due to the decline of excerpts in the EU, especially against the background of German pig trade restrictions.
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Baranin prices have increased due to high demand in the world market. At the same time, the collapse of exports from New Zealand has been slightly paid by the growth of the face in Australia.
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Beef has risen due to the growth of Australian prices and high global demand, especially from the United States, although this growth is partially -level by reducing prices in Brazil due to excess cattle.
The FAO Dairy Products Index in February rose to 148.7 points, 5.7 points (4.0%) more than January, and by 28.0 points (23.2%) above last year’s level.
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Cheese prices rose 4.7% of the third month later due to high imported demand, despite the continuation of labor in Europe.
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Prices for dry whole milk increased by 4.4%, which is associated with active demand and absence of labor in Oceania.
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Butter increased by 2.6%, as the periodic reduction in oceania was in conjunction with high internal and international demand.
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Similar milk powder has added 1.8% due to the balance between growing production in Europe and the reduction in Oceania output.
The FAO Sugar Price Index rose 118.5 points in February, 7.3 points (6.6%) more than January, after three months after. However, it remains 22.2 points (15.8%) below the February 2024 level.
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The main factor in growth is the fear of reducing world stocks during 2024/25.
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The degradation of production prospects in India and adverse conditions in Brazil enhanced the epic effect.
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Brazil’s Real Madrid strengthening the US dollar has also contributed to the growth of world prices for sugar due to a reduction in Brazil’s sugarcane.
Keep in mind that the European Bank for Reconstruction and Development (EBRD) deteriorated with the forecast of Ukrainian economic growth from 2025 to 3.5%, while in September last year it is expected at 4.7%.
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.