Global food prices rise further

Published 2021년 10월 12일

Tridge summary

The United Nations Food and Agriculture Organization (FAO) has reported a 1.2% monthly and 32.8% annual increase in the FAO Food Price Index in September 2021, reaching 130.0 points. This rise is attributed to higher prices in most grains, vegetable oils, dairy products, and sugar. Notably, wheat prices have surged by 4% month-on-month and 41% year-on-year due to increased global demand and decreased export supplies. Palm and rapeseed oil prices have also risen, with palm oil reaching a 10-year high due to strong global demand and potential production concerns in Malaysia. Dairy products, meat (except pork), and sugar have also seen price increases for various reasons. The index is calculated as a measure of monthly changes in the international price of a basket of food commodities.

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

Original content

On October 7, the United Nations Food and Agriculture Organization (FAO) released the latest issue of the "FAO Food Price Index", stating that the FAO Food Price Index in September 2021 averaged 130.0 points, up 1.2% and 32.8% month-on-month and year-on-year respectively. The main reason for the latest increase in the index is that the prices of most grains and vegetable oils have risen, as have the prices of dairy products and sugar. Specifically, the cereal price index averaged 132.5 points in September, an increase of 2% from the previous month. Among the major cereals, the global wheat price in September rose by nearly 4% month-on-month and 41% year-on-year to achieve the lead. Strong global demand At the same time, export supplies have become tighter and continue to push up international wheat prices. The moderate and positive trade activities supported the rise in rice prices in September, which are now higher than the multi-year lows reached in August 2021. International ...

Source: Chinaeconomy