in february, world price index of United Nations food agency declined for The eleventh consecutive month, output in a 19% decrease from the peak reached in He walks last year After Russia invasion of Ukraine.
Food and Agriculture Organization (FAO) price The Food Commodities Index, which measures the most traded food commodities globally, averaged 129.8 points last Month against 130.6 for January, the agency said Friday. It was the lowest reading since September 2021.
monthly update said the decline in The indicator reflects falling prices for Vegetable oils and dairy products, which more of regression compensation rise in sugar prices.
Faw beans price The index declined by a margin of 0.1% month-on-month.over-Month in February, with Marginal rise in wheat prices, more which corresponds to less rice the prices.
Vegetable oils fell 3.2%, dairy products fell 2.7%, while sugar rose 6.9% to a six-year High due largely to the downward revision of production in India.
Decreased wheat production
in a separate report on grain supply and demandThe Food and Agriculture Organization issued a first Preliminary forecast for global wheat production in 2023, with a year-over-year decline To 784 million tons seen though the crop will still be the same second highest on record.
In Ukraine, severe financial Restrictions and damage to infrastructure obstruction access to the fields in cutting of resulted in the country in An estimated 40% year-over-year discount in Winter wheat for 2023 area and well below- Predict the average yield of wheat in 2023″.
the decline Partially offset by expected rise in US production to 51 million tons, with high prices leading to increase in Wheat is grown for highest level since 2015.
FAO raised its expectations for world grain production in 2022 by 9 million tons to 2.77 billion tons, although that would still be 1.3% less. year-over-year.
Bulk report said of upward revision related to ricef with a improved prospects for production in India.
