Global food prices rise, driven mainly by sugar and dairy products

Published 2025년 3월 20일

Tridge summary

The article reports on the recent trends in agricultural commodity prices, highlighting increases in various indexes due to specific supply and demand factors. The sugar price index experienced a 6.6% rise from the previous month, attributed to concerns over potential supply shortages in India and Brazil. The dairy price index also increased by 4.0%, driven by seasonal production reductions in Oceania and increased international demand. The vegetable oil price index saw a 2.0% monthly increase, with a 29.0% annual rise, primarily due to palm oil. The grain price index rose by 0.7%, with wheat prices increasing due to supply constraints from Russia. However, the meat price index remained stable, with poultry and pork prices falling due to increased supply, while beef demand led to limited price increases despite adequate supply.

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

Original content

The sugar price index was 118.5, up 6.6% from the previous month due to concerns about supply shortages. India's sugar production is expected to decline, and Brazil is also worried about reduced production due to bad weather. In addition, the depreciation of the Brazilian real also affected Brazil's sugar exports. The dairy price index rose 4.0% from the previous month to 148.7, and rose 23.2% compared with a year ago (120.7). Cheese prices rose due to seasonal production reductions in the Oceania region. Butter and skimmed milk powder also rose due to reduced milk production in Oceania and international demand. Prices rose due to increased demand. The price index of vegetable oils such as palm oil, rapeseed oil, soybean oil, and sunflower oil rose by 2.0% to 156.0, up 29.0% from a year ago (120.9). The grain price index rose by 0.7% to 112.6. ...

Source: Foodmate