The world index of prices of the food The United Nations Food and Agriculture Organization (UNFAO) reported on Friday that the production of crude oil fell slightly in August, down 1.1% compared to the same period in 2023.FAO).
The indicator, which tracks monthly changes in prices The international price of a set of food products stood at 120.7 points in August, “which represents a slight decrease compared to the revised figure for July,” which was 120.8, the agency said. FAO in a statement.
This modest increase is due to the decrease in quotes of the sugarthe meat and the cereals which offset the corresponding increases in the oils vegetables and products dairy.
The price of the cereals decreased by 0.5% compared to July, due to a decrease in exports of wheat through the Black Sea and by increasing more than expected in Argentina and the United States.
On the other hand, the price of corn increased slightly in parts of Europe and the United States due to heat waves, according to the FAO.
As regards the price of the riceincreased by 0.6% in August and the oils Vegetables also rose in price by 0.8% compared to July, reaching the highest level in the last 20 months due to the “increase in prices” prices international palm oil prices, which offset the decline in quotes of the oils “of soybeans, sunflowers and rapeseed.”
The price of the sugar fell in price by 4.7% to the lowest level since October 2022 thanks to the improved outlook for production for the next sugarcane harvests sugar in India and Thailand.
The meat also fell in price, by 0.7%, while the products dairy increased by 2.2%.
