Decline in global food prices
The price of sugar tops the further decline in the United Nations Food and Agriculture Organisation, FAO Food Price Index declined to a 55-month low in February, dropping 1.0 percent from January and 14 percent below its level a year earlier.
According to the recent report released on Thursday by FAO, lower prices for cereals, meat and especially sugar more than offset an increase in milk and palm oil prices.
The FAO Food Price Index averaged 179.4 points in February, down from 181.2 points in January and 208.6 points in February 2014. (hirado.hu, MTI)
Related news
Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Food prices rose at an accelerating rate in Germany
Inflation in Germany slowed down in June, according to the…
Read more >In Turkey, retail sales growth slowed in May on an annual basis
In Turkey, retail sales growth in May was 5.8 percent,…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >