FAO: Global food prices rise; dairy products are up 3.9%

Published 2021년 4월 9일

Tridge summary

Global food commodity prices have increased for the tenth consecutive month, with the United Nations Food and Agriculture Organization's Food Price Index reaching its highest level since June 2014. This increase is mainly due to a surge in vegetable and dairy oil prices, as well as a rise in dairy and meat prices. In contrast, the Grain Price Index saw a decrease of 1.8 percent, although it is still higher than the previous year. The Sugar Price Index also experienced a drop, but remains significantly higher than the previous year.

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

Original content

Global food commodity prices rose in March, marking their tenth consecutive monthly increase, with vegetable and dairy oil prices leading the way up, according to the United Nations Food and Agriculture Organization (FAO). The FAO Food Price Index, which tracks monthly changes in international prices of commonly traded food commodities, averaged 118.5 points in March, 2.1 percent higher than in February and reaching its highest level since June 2014. Trends vary according to the types of commodities. The March increase was led by the FAO Vegetable Oil Price Index, which rose 8.0 percent from the previous month to reach a nearly 10-year high, with soybean oil prices rising sharply due in part to prospects for firm demand in the biodiesel sector. The FAO Dairy Price Index increased 3.9% in relation to February, with butter prices driven by a little restricted supply in Europe, associated with the increase in demand in anticipation of the recovery of the food service sector. Powdered ...

Source: Milkpoint