FAO: global food prices fell modestly in February
Food prices on the world market decreased moderately in February compared to January.
According to data on the website of the Food and Agriculture Organization of the United Nations (FAO), the overall price index was 129.8 points in February, which is a decrease of 1.4 points (0.6 percent) compared to January. This was the 11th consecutive monthly decline. Together with the decrease in February, the index was already 29.9 points (18.7 percent) away from its peak reached in March 2022.
The weakening of the index in February was caused by a significant drop in the price indices of vegetable oils and dairy products, as well as a minimal decrease in the price indices of cereals and meat, while the sugar price index rose sharply. The FAO food price index is a trade-weighted index that takes into account the international market prices of the five most important food commodities – vegetable oils, cereals, meat, dairy products and sugar.
The FAO cereal price index averaged 147.3 points in February, which is 0.1 percent lower than in January and 2 points (1.4 percent) higher than the level of a year earlier. Among the main cereals, among others, the price index of wheat rose modestly, by 0.3 percent, that of corn, minimally, by 0.1 percent, while that of rice decreased by 1 percent, and that of barley by 0.9 percent.
Related news
FAO recognizes young farmers
The Food and Agriculture Organization of the United Nations (FAO)…
Read more >Guidelines for veterinary laboratories
The National Food Chain Safety Authority (Nébih) and the National…
Read more >FAO food price index rose slightly in June due to higher prices of meat, dairy products and vegetable oils
The Food and Agriculture Organization of the United Nations (FAO)…
Read more >Related news
Carrefour sells Italian branch to NewPrinces Group
Carrefour has entered into a binding agreement with NewPrinces Group…
Read more >Does food become more expensive because it passes through too many hands? – Tamás Éder spoke about supply chains and the illusion of “shortening”
Many people believe that food prices could be cut if…
Read more >