ΠΡΟΚΕΙΤΑΙ ΓΙΑ ΤΗ ΧΑΜΗΛΟΤΕΡΗ ΤΙΜΗ ΑΠΟ ΤΟ ΣΕΠΤΕΜΒΡΙΟ 2021
- 30 Apr 2023
- economy
The United Nations' global food price index fell in February for an 11th consecutive month and is now 19 percent below the record high it hit last March, after Russia invaded Ukraine.
The Food and Agriculture Organization's (FAO) price index, which tracks food prices around the world, averaged 129.8 points last month compared to 130.6 in January, the FAO said on Friday. This is the lowest price of this index since September 2021.
Cereals
The FAO Cereal Price Index was essentially unchanged compared to January.
International wheat prices rose marginally during the month as concerns over a dry spell in the US and strong demand from Australia were largely offset by strong competition among exporters.
International rice prices fell 1.0 percent due to a slowdown in trading activity by most major Asian exporters, whose currencies depreciated against the dollar.
Vegetable oils
The FAO vegetable oil price index fell 3.2% from January, with global prices for palm, soybean, sunflower and canola oil all lower.
Dairy Products
The FAO Dairy Price Index fell 2.7% during February, with international prices for butter and skimmed milk powder recording the biggest declines.
Meat
The FAO Meat Price Index was also almost unchanged.
Global poultry prices continued to decline amid ample export supplies despite outbreaks of bird flu in several top producing countries, while international pork prices rose, mainly on concerns of tighter supplies in Europe.
Sugar
In contrast, FAO's sugar price index rose 6.9% from January to a six-year high, mainly due to a downward revision of India's 2022/23 production forecast. However, the favorable outlook for other suppliers combined with lower international crude and ethanol prices in Brazil limited the upward pressure on sugar prices.
