The growth of world prices for vegetables and butter is due to a reduction in labor and high demand for these products.
Due to the reduction in production and high demand, world prices for vegetables and butter continue to grow. This was reported by the UN Food Agency (FAO).
The FAO food price index has already been mentioned on average of 127.1 points in March 2025, which is left almost unchanged compared to February. A reduction in grain and sugar price indices has been paid for the growth of meat prices for meat and vegetable oils.
Generally, the index value was 6.9% higher than the corresponding level a year before, but remained 20.7% less than its climax value, reached in March 2022 after Russian invasion of Ukraine.
The FAO vegetable oil price index costs an average of 161.8 points, which is 3.7% higher than last month and remains higher (23.9%) of its level a year before.
It has been noted that international prices for rapeseed and sunflower oil have increased since February, reflecting the reduction in supply of major exporters, which at the same time the world’s sustainable demand for imports.
The FAO Dairy Products Index in March reached 148.7 points without changing compared to February 2025, but still 19.9% higher than its value a year before.
Prices for butter have increased for the third month later, by 3.9% compared to February, due to high retail sales and an increase in international demand against the background of a time -to -date reduction in Oceania and Sluggish production supplies in Europe.
The grain price index in March costs an average of 109.7 points, which was 2.6% less than last month, and 1.1% less than March 2024. The world’s wheat prices dropped in March, as the fear of the reapering state subsided some large exporters of the north hemisphere.
The FAO meat price index in March costs an average of 118.0 points, which is 0.9% higher than the modified February value and 2.7% higher than the level a year before. Growth is determined mainly by higher pork prices, mainly due to the growth of excerpts in the European Union.
The average value of the FAO Sugar price index in March reached 116.9 points, which was 1.4% less than February, and 16.5 points (12.3%) less than a year before. Decline is mainly due to the signs of weakening of demand in the world.
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.
World oil prices rise to a maximum history – un
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.