FAO: Food prices in March remained stable

The FAO index tracks monthly changes in international prices for a number of key food products. FAO: Food prices in March remained stable Economic development The Food and Agricultural Organization of the United Nations (FAO) – the control indicator of the dynamics of world prices for food products – has practically not changed in March: a decrease in global quotations for grain and sugar compensated for a noticeable increase in prices for vegetable oil. 62 > 62 > 62 > 62 ~ index that monitors the monthly changes in international prices for a number of food products amounted to 127.1 points in March, which is 6.9 percent higher than a year ago, but 20.7 percent lower than the peak value of March 2022. cost grain ~ 60 > grain cost, according to FAO, decreased by 2.6 percent in March and 1.1 percent compared to the March of last year. World wheat prices decreased against the background of weakening fears about the crop in large exporting countries. The world prices for corn also decreased compared to February, as well as the prices for sorghum and barley. The price index of rice decreased by 1.7 percent against the background of weak demand for imports and sufficient volumes of export supplies. ~ 60 > 62 ~ price index, on the contrary, increased by 3.7 percent compared to February 23.9 percent exceeded the level of the previous year. Quotes for palm, soy, rapeseed and sunflower oils increased due to the active world demand for import. meat price ~ 60 > world prices increased by 0.9 percent in monthly calculation and 2.7 percent in the annual, mainly due to the increase in the cost of pork in Europe after Germany restore the status of a country free of foot and mouth disease, and strengthening the euro in relation to the dollar. ~ 60 >> cats of poultry meat in March remained mainly stable, despite the outbreaks of bird flu among the basic basic ones manufacturers. dairy products and sugar ~ 60 > 62 ~ price for dairy products compared to February did not change: the reduction in the cost of cheese was compensated by the increase in the kitchen oil and dry oil and dry Milk. ~ 60 > sugar prices in March decreased by 1.6 percent, mainly due to signs of weakening of world demand. Recent rains in key areas for growing sugarcane in the south of Brazil. ~ 60 > contributed to a decrease in the rain in the key areas

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