World food prices have been falling for 11 months in a row

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In February, the average value of the FAO Food Price Index reached 129.8 points, which is 0.6% less than in January. This is the lowest level in 17 months.

  • The grain price index amounted to 147.3 (-0.1% compared to January). Wheat prices are rising due to fears of unfavorable weather conditions in the largest wheat producing countries, but high competition is holding back the pace of this process. Prices for sorghum, barley, and rice decreased by 1%.
  • the price index for vegetable oils decreased by 3.2% and stopped at 135.9 points due to a decrease in import demand and an increase in export supply on the global market.
  • Meat price index - by 0.1% to 112.0 points (the latter is primarily due to the fall in poultry prices, which continues for the eighth month in a row, while the cost of pork on the world market increased amid concerns about low slaughter numbers and increased domestic demand in Europe).

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