Global: After a year of increases, the FAO Food Price Index falls by 2.5% in June

Published 2021년 7월 12일

Tridge summary

The Food and Agriculture Organization of the United Nations (FAO) has reported a 2.5% decrease in the food price index in June 2021, marking the first decline after 12 consecutive monthly increases. This decrease was primarily due to a drop in the prices of vegetable oils, cereals, and dairy products, which compensated for the general increase in meat and sugar prices. The vegetable oil price index experienced the lowest level in four months, with the cereal price index also declining. However, the sugar price index rose, and the meat price index also increased, marking the ninth consecutive monthly increase. The FAO's forecast for world cereal production in 2021 has been marginally reduced, but it is still expected to represent a new record. The FAO has identified 45 countries that require external food assistance due to conflict and climate-related shocks, and the aggregate cereal production of low-income food-deficit countries is forecast to decline by 2.1% in 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Food and Agriculture Organization of the United Nations (FAO) reported that the food price index in June 2021 stood at an average of 124.6 points, that is, 2.5% less than in May, but still 33.9% above its level in the same period last year. The June decline was the index's first decline after 12 consecutive monthly increases. According to the entity, the fall in June was due to the decrease in the prices of vegetable oils, cereals and, although more moderately, dairy products, which more than offset the general increase in the prices of meat and of sugar. The FAO Vegetable Oil Price Index fell 9.8% on the month, marking the lowest level in four months. This significant month-on-month drop mainly reflects the decline in international prices of palm, soybean and sunflower oils. The FAO Cereal Price Index recorded a more moderate decline of 2.6% since May, but remained 33.8% above its June 2020 value. International maize prices fell by 5.0%, mainly due to the fall in prices in ...

Source: ClPortalFrutiCola