(FAO): Low the food price index during January
Geneva, February 7/ WAM/ The United Nations Food and Agriculture Organization (FAO) announced the decrease in the organization’s food price index, which is the reference index for global food commodity prices during the month of January, with an average of 124.9 points, a decrease of 1.6 % compared to its level last December and attributed this to The significant decreases in the international prices of vegetable oils and sugar.
(FAO) revealed in a report issued in Geneva today that the index that tracks monthly changes in the international prices of a group of food commodities circulating globally increased by 6.2 % compared to its level one year ago, but it remained 22.0 percent less than its peak in March 2022.
She noted that the organization’s sugar price index decreased by 6.8 % from December and 18.5 % from its level a year ago, and this attributed this to the improvement of the global show prospects as a result of the general weather in Brazil and the Indian government’s decision to resume sugar exports.
She pointed out that the vegetable oil price index decreased by 5.6 % during January compared to the previous month, although it remained 24.9 % higher than last year, and this came mainly driven by the decline in the global prices of palm oils and turnip seeds, while the prices of soy and sunflowers remained stable .
She explained that the meat price index decreased by 1.7 % in January, while the grain price index increased by 0.3 % than December, but it remained 6.9 % lower than its level in January of the year 2024, while the export prices of wheat decreased slightly only, while the prices of the atom increased and it was restored. To decrease in production and stock forecast in the United States of America.
The report indicated that the rice price index decreased by 4.7 % in January amid abundant export supplies, while the dairy price index increased by 2.4 % from December and 20.4 % from its level in January 2024.
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