The international listing of sugar led to an increase in the price of the main food commodities

By: Trademagazin Date: 2024. 10. 04. 12:10

According to the Friday report of the Food and Agriculture Organization of the United Nations (FAO), in the past year and a half, September saw the fastest growth in the world market index of food raw materials, and – led by the price of sugar – the prices of all observed commodity groups rose.

A FAO cukorárindexe esetén volt szeptemberben a legnagyobb növekedés

The FAO food price index – which tracks the monthly price changes of the most important food commodities in international trade – showed an average of 124.4 points in September, which represents a 3.0% jump compared to August and 2.1% from a year earlier. at value.

The FAO sugar price index had the largest increase in September: 10.4% compared to the previous month. This was driven by deteriorating crop prospects in Brazil and concerns that India’s decision to lift restrictions on the use of sugarcane for ethanol production could affect exports from the country.

The FAO price index for cereals rose by 3.0% during the month, thanks to higher export prices for wheat and maize. International wheat prices rose mainly on concerns over excessive wet weather in Canada and the European Union, although this was partly offset by competitively priced supply from the Black Sea region. World corn prices also increased, affected by low water levels on key shipping routes along the Madeira River in Brazil and the Mississippi River in the United States. In contrast, the FAO price index for all rice types fell by 0.7%, partly reflecting the generally calm market situation.