world food prices decline for The tenth month in a row in January

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World food prices have fallen in January for Tenth month in a row, now down About 18% of a record high hit last March after Russia invasion of Ukraine, the United Nations food agency said on Friday.

Food and Agriculture Organization (FAO) price The index, which measures the most traded food commodities globally, averaged 131.2 points last Month against 132.2 for December. It was the lowest reading since September 2021.

December number has been revised down from original appreciation of 132.4.

the fall in the prices of Vegetable oils, dairy and sugar helped with withdrawal down The FAO said the index, while cereals and meat, remained largely stable.

In separate grain supply and demand estimates on The FAO raised its forecast on Friday for global grain production in 2022 to 2.765 billion tons from a previous estimate of 2.756 billion tons.

Faw beans price The index rose just 0.1% per month. On-month in january to give 4.8% increase on the year. World wheat prices declined 2.5% as production in Australia and Russia exceeded expectations. Rice, in contrast, jumped 6.2%, driven by in Part of the strong local demand in some Asian exports countries.

Vegetable oil prices fell 2.9% in January, the dairy index fell 1.4% and sugar declined 1.1%. And the meat slipped by just 0.1%.

Looking at the show and demand for Cereals, the Food and Agriculture Organization said it expects A record global production of wheat in 2022 thanks to revised crop forecasts from Australia and Russia.

Expectations for world rice Production has been reviewed on the back of Less than expected outputs in China is now expected decline 2.6% from an all-time high in 2021.

Looking ahead to 2023, the FAO said preliminary indications point to a possible expansion of Winter wheat crop in Northern Hemisphere. But she warned that higher fertilizer costs could affect the crop.

cereal use in the world in 2022/23 was expected to be down 0.7% from the previous year year to 2.779 billion tons. Appreciation for world Grain stocks were flat at 844 million tons on the rise down the world stock to-use rate for 2022/23 to 29.5% from 30.8% in 2021/22.

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