This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from Hibapress, the Arabic version:
Heba Press – Agencies
The Food and Agricultural Organization of the United Nations (FAO) announced that the prices of global food products had decreased in January 2025, thanks to a sharp drop in prices of sugar and vegetable oils.
The average of the FAO index, which follows the prices of the most negotiated food products monthly in the world, reached 124.9 points in January, against 127 points in December.
Despite the monthly decrease, the index remained 6.2% above its level a year ago, but it is still 22% lower than its peak in March 2022.
Sugar prices decreased by 6.8% on a monthly basis, by 18.5% on an annual basis.
This decrease is largely due to the improvement of global expectations for supplying factors, especially the appropriate time in Brazil and India, which have resumed sugar exports.
The prices of vegetable oils also decreased by 5.6% last month, the prices of palm oil and global participation oil decreased, while the prices of soy oil and the sunflower oil remained stable.
Despite the drop in January, the index remained 24.9% on an annual basis. Meat prices also decreased by 1.7% last month.
On the other hand, cereal prices experienced a slight increase of 0.3% than December, but it remained 6.9% less than January 2024.
While wheat export prices have dropped slightly, corn prices have increased due to low production and stock expectations in the United States. Rice prices dropped by 4.7%, reflecting the abundance of export supplies.
Dairy prices increased by 2.4% on a monthly basis and 20.4% on an annual basis pulled by a monthly increase in cheese prices, which has dissipated the drop in the prices of butter and milk powder .
