FAO: Food has risen to a six-month high

Published 2020년 9월 4일

Tridge summary

The FAO Grain Price Index experienced a 1.9% increase in September, surpassing August 2019's average by 7%, largely due to a rise in feed grain prices. The sugar price index surged by 6.7% month-on-month, attributed to expected adverse weather conditions in the European Union and Thailand. The vegetable oil price index also saw a 5.9% increase, while the dairy price index remained stable. The meat price index was relatively unchanged from July but fell by 8.9% from August 2019, despite an increase in pork demand from China.

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

Original content

The average value of the FAO Grain Price Index increased by 1.9% compared to July, exceeding the average for August 2019 by 7%; the most significant growth was demonstrated by feed grain prices. Compared to the previous month, the FAO sugar price index rose by 6.7%, due to forecasts of declining production due to adverse weather conditions in the European Union and Thailand - the second largest exporter of sugar in the world; in addition, rising prices contributed to increased import demand from China. The value of the FAO Vegetable Oil Price Index increased by 5.9% in August. The FAO dairy price index has remained virtually unchanged from July; Against the background of seasonal growth in export opportunities in Oceania, prices for cheese and whole milk powder fell, but butter rose in price, due to limited export resources of European countries, where the August ...

Source: AllRetail.ua