FAO’s food price index experienced a decline in June

The cereal prices index decreased by 2.1% compared to May. International prices of coarse grains dropped by 3.4% in June, primarily due to increased supplies of corn from Argentina and Brazil and better production prospects in major US producing regions.

Vegetable Oils

FAO’s vegetable oils price index declined by 2.4% from May, as lower global prices of palm and sunflower oils outweighed the increase in soybean and rapeseed oil prices, influenced by weather conditions in major producing regions.

Dairy products

FAO’s dairy products price index decreased by 0.8% in June, driven by lower international cheese prices, despite the increase in butter prices due to strong demand for spot supplies, especially from the Middle East.

Sugar

FAO’s sugar price index decreased by 3.2%, marking its first decline after four consecutive months of increases, primarily due to a successful sugarcane harvest in Brazil and weak global import demand, particularly from China.

Meat

FAO’s meat price index remained almost unchanged in June, with the increase in poultry prices driven by high import demand from East Asia, amid ongoing supply issues caused by widespread avian flu outbreaks.

Source: www.fao.org 

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