The FAO indicator, which follows monthly changes in international prices of a set of food products, averaged 128 points in June, that is, 0.5% more than in May and 5.8% above the same month of 2024, Efe reported.
“Although International cereal and sugar prices fellthese casualties were compensated for increases in the prices of dairy products, meat and vegetable oils, “FAO explained through a statement.
However, the price of cereals decreased 1.5% in June compared to the previous month, with a second consecutive monthly fall fall in the price of corn, due to abundant supplies from the Argentina and Brazil. In turn, rice prices, barley and sorghum fell.
On the contrary, wheat prices increased due to climatic concerns in some regions of the European Union (EU)as well as in USA and Russia.
FAO reviews its world production forecast of cereals by 2025, which would reach a historical record of 2,925 million tons, 2.3% more than last year. In that line, it is also expected that global rice production in 2025/26 reaches a maximum of 555.6 million tons.
On the other hand, the projection of world cereal trade by 2025/26 was also adjusted, which would reach 486.9 million tons, an increase of 1.2% compared to the previous year, due to the Increase in wheat and rice exportsthe latter with an estimated new record of 60.8 million tons.
With regard to vegetable oils, in June they climbed 2.3% compared to May, led by The increase in palm oilswhich increased almost 5%, in addition to those of soybeans and rapes.
Meat and butter reached new historical maximums globally
In addition, Meat increased 2.1% in June, reaching a new historical maximumwith increases in bovine, sheep and swine meat, while avian meat continued to decrease.
He FAO dairy products price index 0.5% rose in June compared to the previous month, with butter prices reaching a new historical maximum due to adjusted supplies in Oceania and the EUtogether with a strong demand from Asia. In turn, the price of cheese rose for the third consecutive month.
At the other extreme, sugar fell 5.2%, marking its fourth consecutive month of descent and reaching its lowest level since April 2021.
Source: Ambito
