Global food prices have fallen for For the third month in a row in June but remained close to record high levels set in The United Nations Food Agency said in March on Friday.
Food and Agriculture Organization (FAO) price The Food Commodity Index, which measures the most traded food commodities globally, averaged 154.2 points last month vs 157.9 revised for mayo.
The May number was previously set at 157.4.
Although monthly declinethe June index was still 23.1% higher from U.S year Earlier, I paid up by effect of Russians invasion of Ukraine, concerns over negative weatherstrong global demand and higher production and transportation costs.
“Factors that prompted global Rising prices in The first place They are still in play, said FAO Chief Economist Maximo Torero Colin.
In the supply of separate grains and demand Estimates, FAO raised its forecast for global grain production in 2022 to 2.792 billion tons from 2.784 billion previously. This sale is still 0.6% of The world Produce in 2021.
The FAO Cereal Index decreased by 4.1% compared to May but remained so up 27.6% year-over-year. FAO said in June decline It was driven by seasonal availability from new Harvest in northern hemisphere, improved Crop conditions in Some of the main products countriesAnd the higher production prospects in Russia.
vegetable oil price The index fell 7.6% monthly -overA month, I paid down seasonally rising Produce of Main producing countries and prospects of Increase supplies from Indonesia.
And the sugar index fell 2.6% from May, with slowing down global economic growth Weight on demand.
The meat index rose 1.7%. in June, put a new record High, while the dairy index jumped 4.1% month-on-month.over-Month. International prices for powdered milk have risen on strong import demand and continuous global narrow width.
FAO said it increased its expectations for Grain production was largely driven by 6.4 millionton upward revision made To estimate the production of coarse grains.
Expectations for world Use of cereal in 2022/23 Kan also Starch, up 9.2 million tons to 2.797 billion tons. However, this is still a 0.1% decrease. on 2021/22, mostly reflect expectations of less nutrition use.
The Food and Agriculture Organization estimated that world Grain stock at closing of seasons in 2023 will total 854 million tons up 7.6 million tons of last Month forecast, but nonetheless year-over-year decline of 0.6%.
