2024-03-09T06:32:02+00:00
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/ The Meals and Agriculture Group of the United Nations (FAO) indicated, on Saturday, a brand new decline within the common world fundamental meals commodity value index final February by 13.8 factors, equal to 10.5%, in comparison with the identical month in 2023, pushed primarily by a decline in world costs. For tablets.
The group said in its month-to-month report that the FAO “benchmark” index for the typical costs of essentially the most traded meals commodities fell final February to 117.3 factors, 0.9 foundation factors decrease, equal to 0.7 %, than its stage of decline within the earlier January.
She defined that the month-to-month decline within the (normal index of the 5 predominant commodities) throughout final February was the results of a decline within the sub-indices of grain costs and vegetable oil costs, which barely offset the rise within the value indices of sugar, meat, and dairy merchandise.
On the month-to-month sub-level, the FAO Cereal Value Index fell final February to 113.8 factors, 6.1 factors, equal to five %, decrease than the earlier month, and 32.9 factors, equal to 22.4 %, decrease than its stage in February 2023, with worldwide costs for all main cereals from one month to a different.
The vegetable oil value index additionally fell to 120.9 factors, 1.6 factors decrease, equal to 1.3 %, final February than the earlier month, and 15 factors decrease, equal to 11 %, than its stage in February of final 12 months.
However, sugar value indices rose final February to 140.8 factors, a rise of 4.4 factors, equal to three.2 %, and meat costs to 112.4 factors, a rise of two factors, equal to 1.8 %, reversing the development of decline over seven consecutive months, and costs of dairy merchandise to 120 factors, a rise of 1.3 factors, equal to 1.1 %.
The FAO Meals Value Index displays the motion of economic transactions in world meals markets by measuring the typical costs of 5 predominant meals commodities: grains, meat, dairy, vegetable oils and sugar.