Growth is mainly due to the higher European prices, supported by a reduction in stocks and high demand for fat milk.
In April, international butter prices rose to a new historical maximum – 2.9%. This is stated in the publication of the UN Food Agency (FAO).
It was noted that the jump was mainly due to the higher European prices, supported by a reduction in stocks and high demand for fat milk, despite the time -consuming milk.
The FAO Food Price Index in April 2025 costs an average of 128.3 points, rising 1.0% compared to March. Increased grains, dairy products and meat indexes beyond the lowering of sugar and vegetable oils.
It was noted that in general, the index was 7.6% higher than the level of the year, but at the same time remained 19.9% lower than its climax, reached in March 2022 following the Russian invasion of Ukraine.
The grain price index in April costs an average of 111.0 points, rising 1.2% compared to March, but remained 0.5% less than last year. Monthly growth is due to an increase in prices for all major grain types.
The FAO vegetable oil price index in April reached an average of 158.0 points, dropping 2.3% compared to March, but remained 20.7% higher than last year.
The decrease is largely due to the collapse of palm oil prices, which is more than increasing prices for soy and rapeseed oil. Prices for sunflower oil as a whole remained stable. After two months of growth, world prices for palm oil were significantly reduced in April due to the restoration of exports from Southeast Asian countries.
Prices for soy and rapeseed oil continue to grow against the background of high demand in the world and reducing supplies until the completion of the 2024/25 period. Mirasol oil in April was reluctant to a narrow range, but remained higher than last year against the background of reducing supplies from the Black Sea region.
Earlier it was reported that due to a reduction in production and high demand, world prices for vegetable oil and butter would continue to increase.
Remember that in Ukraine in 2023-2024, Marketing (MR) year, sunflower oil production (+13.7%) and export (+17%) increased compared to pre-war 2020-2021 MR.
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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.