Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

FAO: World food prices have broken a 10-year high


November, 05 2021
watermark Economic news

According to the Food and Agriculture Organization of the United Nations (FAO), world food prices have peaked since July 2011. Vegetable oil, cereals and dairy products have risen the most. The sugar price index went down for the first time in six months.


The organization's report notes that in October, world food prices increased by 3%. The average value of the FAO food price index, which allows tracking fluctuations in world prices for the most marketable food products, has grown to 133.2 points. And this is 3.9% higher than in September. It is worth noting that the indicator has been growing for three months in a row.


The vegetable oil price index jumped by 9.6% to 184.8 points in October, reaching a historic high. Such an increase is primarily due to the rise in price of palm, soybean, sunflower and rapeseed oil. Palm oil is getting more expensive amid concerns about low production volumes in Malaysia, where there is a shortage of migrant workers.


The price index for dairy products rose by 2.6% to 120.7 points. This was most strongly reflected in butter, as well as in skimmed and whole milk powder. At the same time, cheese prices remained stable due to the sufficient volume of supply from the main producing countries. 


The average meat price index has been declining for the third month in a row. In October, this indicator decreased by 0.7%. Analysts note that world quotations for pork fell amid a reduction in purchases from China, and beef – due to a sharp decline in the cost of meat supplied from Brazil. At the same time, the price of poultry and mutton, on the contrary, has increased.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.