World food prices rose in July

In July, beef and lamb prices rose, which is associated with high imported demand, especially from China and the USA. World food prices rose in July Economic development Food prices rose last month, reported from the Food and Agricultural Organization of the United Nations (FAO). The FAO price index amounted to 130.1 points in July, which is 1.6 percent higher than in June. This was mainly due to the growth of world prices for meat and vegetable oils. as noted in the FAO, the food price index is 18.8 percent lower than the peak value of March 2022, but at the same time 7.6 percent higher than July 2024. 60 > using this indicator, the monthly dynamics of prices for a number of food products, a number of food products are monitored, and the amount of food. sold in world markets. grain ~ 60 > 62 > 62 > 62 > 62 ~The grain price index on average amounted to 106.5 points, which is 0.8 percent lower than in June. Reducing prices for wheat and sorghum “outweighed” the increase in corn and barley prices. The seasonal crop of wheat in the Northern Hemisphere also contributed to a decrease in prices. 60 > 62 ~ FAO price index for all types of rice decreased by 1.8 percent, due to large -scale export supplies and weak imported In demand. 60 ~ h2 > vegetable oil ~ 60 > average value of the price of vegetable oil in July was 166.8 points, reaching a three -year maximum. This is 7.1 percent higher than in the previous month. The increase in the indicator is due to the growth of the quotes of palm, soy and sunflower oils. ~ 60 > Palm oil prices rose against the background of high global demand and increase competitiveness, while the prices of soybean oil were supported by stable demand from the binom sector in the north and south America. The increase in prices for sunflower oil was due to a reduction in export supplies in the Black Sea region. Rapse oil, on the contrary, has fallen in connection with a plentiful harvest in Europe. meat products ~ > average value of the meat price index amounted to a new maximum. The indicator was 1.2 percent higher than in June. The growth is due to an increase in the prices of beef and lamb associated with high imported demand, especially from China and the USA. ~ ~ 60 > Bird prices also increased slightly against the background of Brazil’s status restoration, free of bird flu. The cost of pork, on the contrary, decreased due to the growth of the supply. dairy products ~ 60 > dairy products index in July were 0.1 percent lower than in June. It amounted to 155.3 points. Prices for butter and dry milk decreased, which reflects large -scale export deliveries and restrained imported demand. However, world cheese prices continued to grow due to high demand in the markets of Asia and the Middle East, as well as a reduction in the export proposal in the European Union. ~ 60 > 60 ~/H2 >~ 60 > average sugar price index compiled 103.3 points, decreasing by 0.2 percent compared to the previous month. Prices have been forecasts for the restoration of global sugar production for 2025-2026, especially in Brazil, India and Thailand.

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