World food prices at 2-year high on rising meat and edible oils: Food and Agriculture Organization
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News18
08-08-2025
- News18
FAO Food Price Index edges up in July
Rome [Italy], August 8 (ANI/ WAM): The FAO Food Price Index, a benchmark for world food commodity prices, averaged 130.1 points in July 2025, up 1.6 per cent from June, driven primarily by rising international prices of meat and vegetable oils. Despite this monthly increase, the index remains 18.8 per cent below its peak in March 2022, although 7.6 per cent higher than its level in July 2024. The index tracks monthly changes in the international prices of a set of globally traded food commodities. In July, price increases in the meat and vegetable oil indices more than offset declines in the cereal, dairy and sugar FAO Cereal Price Index averaged 106.5 points, down 0.8 per cent from June. Declining wheat and sorghum prices outweighed increases in maize and barley. Fresh seasonal wheat harvests in the northern hemisphere put downward pressure, though adverse conditions of spring wheat in parts of northern America provided some price support. The FAO All Rice Price Index dropped 1.8 per cent, driven by ample export supplies and weak import FAO Vegetable Oil Price Index averaged 166.8 points in July, marking a sharp rise of 7.1 per cent from the previous month, reaching a three-year high. The increase reflected higher quotations for palm, soy and sunflower oil prices rose on robust global demand and improved competitiveness, while soy oil was supported by expectations of firm biofuel sector demand in the Americas. Sunflower oil prices also climbed due to tightening export supplies in the Black Sea region. In contrast, rapeseed oil prices declined with the arrival of new crop supplies in FAO Meat Price Index averaged 127.3 points, up 1.2 per cent from June, reaching a new all-time high. The increase was led by higher prices for bovine and ovine meat, supported by strong import demand, particularly from China and the United States of America. Poultry meat prices also edged up slightly amid resumed imports from key partners following Brazil's regaining of its avian influenza-free status. Conversely, pig meat prices declined due to ample supplies and reduced global demand, especially in the European FAO Dairy Price Index edged down by 0.1 per cent from June to 155.3 points, marking the first decline since April 2024. Prices for butter and milk powders decreased, reflecting abundant export supplies and subdued import demand, particularly from Asia. However, international cheese prices continued to rise, driven by strong demand in Asian and Near East markets and tighter export availability in the European FAO Sugar Price Index averaged 103.3 points, down 0.2 per cent from the previous month, continuing its downward trend for a fifth consecutive month. (ANI/ WAM)
Deccan Herald
08-08-2025
- Deccan Herald
World food prices at 2-year high on rising meat and edible oils: Food and Agriculture Organization
The FAO Food Price Index, which serves as a global benchmark for food commodity prices, averaged 130.1 points in July, a 1.6% increase from June, FAO said.
News18
24-07-2025
- News18
World must produce 60 pc more food by 2050; AI can help: Andhra Guv
Vijayawada, Jul 24 (PTI) Andhra Pradesh Governor S Abdul Nazeer on Thursday said that the world needs to produce 60 per cent more food by 2050 to feed a global population of 9.3 billion, emphasising that AI could be instrumental in achieving this goal. Citing the Food and Agriculture Organisation (FAO), the governor noted that this target is a tall order but stressed that Artificial Intelligence can play a pivotal role in the agriculture sector. 'According to FAO reports, by 2050 we must produce 60 per cent more food to feed a global population of 9.3 billion. That would be a tall order to achieve with the current farming systems. This is where AI can be helpful," said Nazeer, addressing the 57th annual convocation of Acharya NG Ranga Agricultural University (ANGRAU) near Vijayawada. The governor pointed out that India's population is expected to rise to around 1.6 billion by 2050, necessitating the production of 400 million tonnes of food. He observed that AI can help address challenges in farming, such as pest control, by analysing historical pest activity. It can also prevent soil degradation through continuous monitoring and analysis of soil health data, he added. Despite advancements in agricultural practices, weeds still cause significant declines in crop yield and quality, he said, adding that drones can be used to identify and control weeds. 'Integrating AI in agriculture will not only reshape current practices but also pave the way for a sustainable and resilient future," said Nazeer. He claimed that AI could assist in the entire farming cycle—from seed selection to harvest and beyond—including real-time adjustments to farming practices based on climate shifts to ensure optimal crop health and yield. Nazeer also highlighted that India achieved a record food grain production of 354 million tonnes in 2024, marking a 6.5 per cent increase over the previous year. This surge in production was driven by bumper harvests of key crops such as wheat, rice, and maize, he said. However, he cautioned that rising population, climate change, pressure on dwindling natural resources, and geopolitical tensions continue to threaten global food security. PTI STH SSK view comments First Published: July 24, 2025, 14:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
