FAO: World food price index in August 2021 increased

Published 2021년 9월 4일

Tridge summary

The FFPI index experienced a rebound in August 2021 after two months of decline, largely due to significant price increases in sugar, vegetable oil, and cereals. The cereal price index saw a notable rise, driven by a decrease in wheat production in major exporting countries, leading to a surge in world wheat prices. While barley prices increased, corn prices saw a slight decrease due to increased production in other countries. The vegetable oil price index also rose, primarily due to increases in palm, rapeseed, and sunflower oil prices. The milk price index saw a slight decrease in August, while the meat price index increased, driven by increased import demand and decreased supply. The sugar price index also rose for the fifth consecutive month, reaching its highest level since February/March 2017, due to concerns about damage to the sugarcane crop in Brazil and the impact of dry weather.

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

Original content

The FFPI index in August 2021 rebounded after two consecutive months of decline due to the sharp increase in the prices of sugar, vegetable oil and cereals. The cereal price index in August 2021 averaged 129.8 points, an increase of 4.3 points (or 3.4%) compared to July 2021 and an increase of 30.8 points (31.1%) compared to July 2021. August 2020. Falling wheat production in some major exporting countries pushed world wheat prices up 11.1 points (8.8%) compared to July 2021 and up 41.5 points (43.5%) compared to July 2021. August 2020. As for other grains, the August price trend was mixed, barley production fell, especially in Canada and the United States, and the impact of rising wheat prices pushed up world barley values. gender increased by 10.9 points (9%) compared to July 2021, to 34.7 points (35.6%) compared to August 2020. In contrast, corn prices fell slightly by 1.3 points (0.9%) as increased production in Argentina, the EU and Ukraine offset production reductions in ...

Source: Vinanet