World food prices are rising at a worrying rate

Published 2021년 9월 2일

Tridge summary

Sugar prices have increased by 9.6% due to Brazilian frost damage, although this increase is balanced by expected good harvests in India and the European Union, as well as a decline in crude oil prices and a weakening Brazilian real. The FAO vegetable oil price index also rose by 6.7% in August due to high palm oil prices caused by low production and declining inventories in Malaysia. Cereal prices have also increased by 4.3% since July, with wheat prices jumping 8.8% due to reduced emissions from major exporting countries. The meat price index has also increased due to strong demand in the beef and mutton market. The FAO expects a 1.4% increase in grain consumption in the 2021-2022 season, but a decline in global grain trade is expected.

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

Original content

Sugar prices soared on world markets, with a 9.6% increase partly due to Brazilian frost damage. This was somewhat offset by the good expected harvest in India and the European Union, as well as the decline in crude oil prices and the weakening of the Brazilian real. The FAO vegetable oil price index rose 6.7% in August as palm oil prices rose to historic highs due to low-potential production and declining inventories in Malaysia. International listing of rapeseed and sunflower oil has also increased, according to a FAO communication. You may also be interested in! Hell has become more expensive coffee: slowly it will be a real luxury to drink a cup of black in an unprecedented position in the world of coffee production. You may also be interested in! Cereal prices have also risen by 4.3% since July. Wheat jumped 8.8% due to lower emissions from major exporting countries. In contrast, corn prices shrank 0.9% due to the positive production outlook in Argentina, the EU and Ukraine. ...

Source: Agrarszektor