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Yahoo
2 days ago
- Business
- Yahoo
Food commodity prices declined in May, led by maize and palm oil
World food commodity prices fell month-on-month in May driven by declines in maize and palm oil prices, despite high butter and bovine meat prices. The FAO Food Price Index, created by the Food and Agriculture Organization of the United Nations, averaged 127.7 points in May, a decline of 0.8% from April. However, the index was 6% higher than its level in May 2024. Of the five commodity groups tracked in the index, prices for vegetable oils, cereals, and sugar fell, while dairy and meat saw increases. The FAO Vegetable Oil Price Index dropped 3.7% from April, with all major oils recording lower quotations. 'International palm oil prices declined markedly, primarily due to seasonal output and availability increases in South East Asia. Global soy oil prices were impacted by higher supplies in South America and subdued demand for biofuel feedstock," the UN agency said. today (6 June). "Rapeseed oil prices eased on improved supply prospects in the European Union, while sunflower oil prices fell due to weakening global import demand and reduced price competitiveness." The FAO Cereal Price Index dropped 1.8% from April, standing 8.2% below its May 2024 level. 'Global maize prices declined sharply, owing to strong harvests and robust availability in Argentina and Brazil and expectations of a record crop in the US,' said the FAO. Global wheat prices fell due to better crop conditions in the northern hemisphere, while the FAO All-Rice Price Index rose by 1.4%, 'driven by firm demand for fragrant varieties, higher prices for Indica rice, and currency fluctuations'. The FAO Sugar Price Index decreased by 2.6% in May, primarily due to 'concerns over the uncertain world economic outlook, possible weaker demand from the beverage and food processing industries, and expectations of a recovery in global production next season'. The FAO Dairy Price Index rose by 0.8% in May, 'with strong demand from Asia keeping international butter prices at historic highs and spurring higher prices for cheese and whole milk powder'. The FAO Meat Price Index rose by 1.3% from its revised April level, driven by 'higher quotations for ovine, pig and bovine meats, with the latter reaching a new historic high'. In contrast, poultry meat prices declined, 'driven by lower quotations in Brazil, where the detection of high-pathogenicity avian influenza on a commercial farm in mid-May prompted import bans by several major importing countries, resulting in surplus supplies', the FAO added. The UN agency also released its latest Cereal Supply and Demand Brief, projecting a "record" global cereal production of 2,911 million tonnes in 2025, a 2.1% increase from 2024. Global cereal utilisation is expected to rise 0.8% in 2025/26 to 2,898 million tonnes, with food consumption growing 0.9% and feed use increasing 0.5%. With production exceeding utilisation, world cereal stocks are forecast to grow 1% to 873.6 million tonnes, recovering from last year's decline. The global stock-to-use ratio will hold steady at 29.8%, the FAO predicted. Global cereal trade is set to rebound 1.9% to 487.1 million tonnes, driven by a 3.8% rise in wheat trade, despite a 0.7% drop in rice trade. "Food commodity prices declined in May, led by maize and palm oil – FAO" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Al Etihad
02-05-2025
- Business
- Al Etihad
FAO Food Price Index increases in April, with world cereal, meat and dairy prices up
2 May 2025 17:28 ABU DHABI (ALETIHAD) The benchmark measure of world food commodity prices increased in April, driven by higher quotations for major cereals, meat and dairy products, the Food and Agriculture Organization of the United Nations (FAO) reported on FAO Food Price Index, which tracks monthly changes in the international prices of a set of globally traded food commodities, averaged 128.3 points in April, up 1.0 percent from March and 7.6 percent from the same month last FAO Cereal Price Index increased by 1.2 percent from March. Global wheat prices edged up slightly, supported by tightening exportable supplies in the Russian Federation, while the FAO All Rice Price Index rose on stronger demand for fragrant varieties. International maize prices rose due to seasonally tighter stock levels in the US. Currency fluctuations influenced price movements in world markets, while tariff policy adjustments raised market FAO Meat Price Index was up 3.2 percent in April compared to March, with quotations rising across all meat FAO Dairy Price Index increased by 2.4 percent in April from the previous month to stand as much as 22.9 percent higher than a year earlier. The rise was led by international butter prices, which hit a new all-time high due to declining inventories in contrast, the FAO Vegetable Oil Price Index declined by 2.3 percent, though it remained 20.7 percent higher than its year-ago level. Palm oil prices fell markedly due to seasonally higher outputs in major Southeast Asian producing countries, while global soy and rapeseed oil prices rose on the back of strong global import demand. Sunflower oil prices remained largely stable. The FAO Sugar Price Index also dropped by 3.5 percent from March, largely due to concerns over the uncertain global economic outlook and its potential impact on the demand from the beverage and food processing sectors, which together account for the bulk of global sugar consumption.
Agriland
02-05-2025
- Business
- Agriland
FAO: Meat Price Index up 3.2% in March
The benchmark measure of world food commodity prices increased in April, driven by higher quotations for major cereals, meat and dairy products, the Food and Agriculture Organization of the United Nations (FAO) has reported today, Friday, May 2. The FAO Food Price Index, which tracks monthly changes in the international prices of a set of globally traded food commodities, averaged 128.3 points in April, up 1% from March and 7.6% from the same month last year. The FAO Cereal Price Index increased by 1.2% from March. Global wheat prices edged up slightly, supported by tightening exportable supplies in the Russian Federation, while the FAO All Rice Price Index rose on stronger demand for fragrant varieties. International maize prices rose due to seasonally tighter stock levels in the US. Currency fluctuations influenced price movements in world markets, while tariff policy adjustments raised market uncertainty. The FAO Meat Price Index was up 3.2% in April compared to March, with quotations rising across all meat categories, led by those for pig meat. Bovine meat prices also firmed, particularly in Australia and Brazil, amid steady global import demand and limited export availabilities. The FAO Dairy Price Index increased by 2.4% in April from the previous month to stand as much as 22.9% higher than a year earlier. The rise was led by international butter prices, which hit a new all-time high due to declining inventories in Europe. By contrast, the FAO Vegetable Oil Price Index declined by 2.3%, though it remained 20.7% higher than its year-ago level. Palm oil prices fell markedly due to seasonally higher outputs in major Southeast Asian producing countries, while global soy and rapeseed oil prices rose on the back of strong global import demand. Sunflower oil prices remained largely stable. The FAO Sugar Price Index also dropped by 3.5% from March, largely due to concerns over the uncertain global economic outlook and its potential impact on the demand from the beverage and food processing sectors, which together account for the bulk of global sugar consumption. Cereal supply and demand in year ahead FAO also released a new Cereal Supply and Demand Brief today, with revised estimates for 2024 and fresh insights on cropping conditions and prospects for 2025. FAO's latest forecast for 2025 wheat production is pegged at 795 million tonnes, on par with the previous year. Prospects point to a record output in Asia, buoyed by India and Pakistan, improved conditions in southern Europe and north Africa, along with stable production in Canada and the Russian Federation. However, rainfall deficits in northern Europe and the near east and drought concerns in the US are weighing on the overall prospects. Harvesting of the 2025 coarse grain crops is beginning in the southern hemisphere, with maize output expected to increase in Brazil and South Africa. In the northern hemisphere, early expectations point to a 5% expansion in coarse grain plantings in the US. Meanwhile, FAO has slightly revised downward its estimate for global cereal production in 2024 to 4.85 billion tonnes, even as global rice output in 2024/2025 will likely expand by 1.5% to reach record high of 543.6 million tonnes. FAO's new forecast for world cereal utilisation in 2024/2025 stands at 2.88 billion tonnes, a 1% increase over the 2023/2024 level, driven by expectations of higher feed use of maize in China and the Russian Federation, along with increased rice consumption in various African countries. World cereal stocks are now predicted to decline by 1.9% to 868.2 million tonnes by the close of the 2025 seasons, driving down FAO's forecast for the world cereal stocks-to-use ratio in 2024/2025 to 29.9% – still considered to be in a comfortable buffer zone. FAO has slightly reduced its forecast for world cereal trade in 2024/2025 to 478.6 million tonnes, which would mark a 6.8% contraction from 2023/2024 and the lowest level since 2019/2020. Global trade in coarse grains is forecast to contract even faster, due largely to lower demand from China and smaller exportable maize supplies in Brazil. International trade in rice is now seen increasing by 1.2% to a new record high of 60.4 million tonnes.
Shafaq News
04-04-2025
- Business
- Shafaq News
Global food prices unchanged in March
Shafaq News/ Global food commodity prices remained largely unchanged in March from its revised February value, as declines in world cereal and sugar quotations offset a notable increase in vegetable oil prices, the UN Food and Agriculture Organization (FAO) reported on Friday. The FAO Food Price Index, which tracks monthly changes in international prices of the most commonly traded food commodities, averaged 127.1 points in March, up from a revised 126.8 in February. The index marked a 6.9% increase year-on-year, but remained 20.7% below its peak in March 2022, when prices surged following Russia's full-scale invasion of Ukraine. Vegetable oil prices led the monthly rise, with the FAO sub-index climbing 3.7%, reflecting strong import demand for palm, soybean, rapeseed, and sunflower oils. On an annual basis, vegetable oil prices were up 23.9%. In contrast, the FAO Cereal Price Index dropped 2.6% from February and was 1.1% lower than in March 2023. Wheat prices declined as concerns eased over crop conditions in key exporting countries in the Northern Hemisphere. Prices for maize and sorghum also fell. The FAO Rice Price Index slipped 1.7% month-on-month, amid weak import demand and ample export supplies. Sugar prices dropped 1.6%, driven by signs of softening global demand and improved rainfall in southern Brazil. However, the decline was limited by ongoing uncertainty around production outlooks in Brazil and India. In a separate report, the FAO slightly raised its estimate for global cereal production in 2023 to 2.849 billion tonnes, up from a previous forecast of 2.842 billion tonnes. The agency maintained its forecast for global wheat production in 2024 at 795 million tonnes, roughly unchanged from the previous year.
See - Sada Elbalad
11-03-2025
- Business
- See - Sada Elbalad
FAO Food Price Index Rose in February 2025
Basant Ahmed The FAO Food Price Index (FFPI) averaged 127.1 points in February 2025, up 2.0 points (1.6 percent) from its revised January level. While the meat price index remained stable, all other price indices rose, with the most significant increases recorded for sugar, dairy, and vegetable oils. The overall index was 9.7 points (8.2 percent) higher than its corresponding level one year ago; however, it remained 33.1 points (20.7 percent) below the peak reached in March 2022. The FAO Cereal Price Index averaged 112.6 points in February, rising by 0.8 points (0.7 percent) from January but remaining 1.2 points (1.1 percent) below its February 2024 level. Wheat export prices increased month-on-month, driven by tighter domestic supplies in the Russian Federation, which constrained export volumes and shifted demand to other suppliers, adding upward pressure on global prices. Additional support for the price increases came from concerns over unfavorable crop conditions in parts of Europe, the Russian Federation, and the United States of America. World maize prices continued their upward trend in February, primarily due to tightening seasonal supplies in Brazil, worsening crop conditions in Argentina, and strong export demand for the United States' maize. Among other coarse grains, world prices of barley and sorghum also increased. By contrast, the FAO All Rice Price Index declined by 6.8 percent in February, as ample exportable supplies and weak import demand exerted downward pressure on prices. The FAO Vegetable Oil Price Index averaged 156.0 points in February, up 3.0 points (2.0 percent) from the previous month and as much as 35.1 points (29.1 percent) above its level a year earlier. The increase in the index was driven by higher quotations across palm, rapeseed, soy, and sunflower oils. After a brief decline in January, international palm oil prices rebounded moderately and maintained their premiums over competing oils. The increase was largely underpinned by seasonally lower outputs in Southeast Asian producing countries and expectations of increased demand from the biodiesel industry in Indonesia. Meanwhile, global soyoil prices increased due to firm global demand, particularly from the food sector. In the case of sunflower and rapeseed oils, prices were mainly supported by concerns over likely tightening supplies in the coming months. The FAO Meat Price Index averaged 118.0 points in February, down marginally by 0.1 points (0.1 percent) from January but remaining at 5.4 points (4.8 percent) above its level a year ago. International poultry meat prices declined, driven by abundant global supplies primarily due to high export availabilities from Brazil despite continuing avian influenza outbreaks in other major producing countries. Similarly, pig meat prices softened, pressured by lower quotations in the European Union. While prices showed signs of stabilization, they remained below early January levels (before the outbreak of foot and mouth disease) due to a surplus caused by trade restrictions on German pig meat. By contrast, ovine meat prices rose, underpinned by strong global demand. New Zealand's export volumes declined due to lower production, but higher slaughter rates in Australia raised supply, limiting the price increases. Meanwhile, bovine meat quotations strengthened, driven by rising Australian prices amid robust global demand, particularly from the United States of America. However, the increase was partially offset by lower Brazilian bovine meat prices due to ample cattle supplies. The FAO Dairy Price Index stood at 148.7 points in February, rising by 5.7 points (4.0 percent) from January and standing at 28.0 points (23.2 percent) higher than
