Tridge summary
The United Nations Agency for Food and Agriculture (FAO) global food price index experienced its fourth consecutive month of increase in September, reaching 97.9 points, or 2.1% higher than August and 5% higher than the previous year. This rise is primarily attributed to cereals and vegetable oils, with dairy products remaining stable and sugar and meat prices declining. The cereals index saw its third consecutive increase, driven by vigorous trade and concerns about drought, while the vegetable oils index rose for the first time in eight months due to increased prices in soy, canola, and sunflower. The dairy price index remained stable, but pork and sheep meat prices fell due to import bans and high seasonal offers, respectively, while chicken meat prices increased. The sugar price index also dropped due to expectations of a global sugar production surplus for the new 2020/21 harvest.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The United Nations Agency for Food and Agriculture (FAO) global food price index rose again in September, for the fourth straight month. The indicator reached 97.9 points, 2 points (2.1%) more than in August and with an increase of 4.6 points (5%) compared to September 2019. According to FAO, the increase was driven by cereals and vegetable oils. In contrast, dairy products were stable and sugar and meat declined. In the case of cereals, September marked the third consecutive increase. The group's index was 104 points, an increase of 5 points (5.1%) in relation to August. According to FAO, prices have risen amid vigorous trade, while there are concerns about drought in cereal-producing areas in western Europe and the Black Sea region. The indicator for vegetable oils reached 104.6 points in September, 5.9 points (6%) above August. In that group, it was the first discharge in eight months. Soy, canola and sunflower prices have risen. The dairy price index stood at 102.2 points in ...
Source: Avicultura Industrial
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