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    Home > Food News > Food Articles > FAO: International meat prices rose 15% in February!

    FAO: International meat prices rose 15% in February!

    • Last Update: 2022-04-16
    • Source: Internet
    • Author: User
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    The FAO Food Price Index stood at 140.
    7 points in February, up 5.
    3 points (3.
    9%) from January and 24.
    1 points (20.
    7%) from a year earlier
    .
    This represents a new all-time high and is 3.
    1 percentage points higher than the February 2011 record
    .
    The increase in February was due to sharp increases in the price sub-indices of vegetable oils and dairy products .
     
    Grain and meat prices also rose, while the sugar sub-index fell for the third straight month
    .
    In terms of meat, it increased by 1.
    1% month-on-month and 15.
    3% year-on-year
    .
    In February, strong global import demand against the backdrop of tight supply of slaughtered cattle in Brazil and strong demand to rebuild cattle herds in Australia pushed international beef quotations to new highs
    .
     
      For their part, pork prices have also risen due to increased domestic demand and reduced EU and US pork supplies
    .
     
      However, mutton offers have weakened for the fourth month in a row due to high export supplies from Oceania
    .
    Meanwhile, poultry meat prices fell slightly due to lower imports from China after the end of the Spring Festival and a drop in domestic demand in Brazil
    .

     
      In turn, the FAO Dairy Price Index recorded an average of 141.
    1 points in February, or 6.
    4% since January, the sixth consecutive monthly increase, and the index was 24.
    8% above the February 2018 record
    .
    same month last year
    .

     
      Meanwhile, the cereal price index rose 3 percent from January and 14.
    8 percent from February of the previous year
    .
    In February, the prices of major grains all rose from the previous month
    .
    World wheat prices rose 2.
    1 percent, mainly due to renewed uncertainty in global supplies due to disruptions in the Black Sea region, which could hamper exports from Ukraine and the Russian Federation, two major wheat exporters
    .
     
      In turn, world corn prices rose 5.
    1% month-on-month on continued concerns over crop conditions in Argentina and Brazil, higher wheat prices, and uncertainty over corn exports from Ukraine, one of the major exporters
    .
    food price vegetable oil dairy product price
     
      Grain and meat prices also rose, while the sugar sub-index fell for the third straight month
    .
    In terms of meat, it increased by 1.
    1% month-on-month and 15.
    3% year-on-year
    .
    In February, strong global import demand against the backdrop of tight supply of slaughtered cattle in Brazil and strong demand to rebuild cattle herds in Australia pushed international beef quotations to new highs
    .
    meat
     
      For their part, pork prices have also risen due to increased domestic demand and reduced EU and US pork supplies
    .
     
      However, mutton offers have weakened for the fourth month in a row due to high export supplies from Oceania
    .
    Meanwhile, poultry meat prices fell slightly due to lower imports from China after the end of the Spring Festival and a drop in domestic demand in Brazil
    .

     
      In turn, the FAO Dairy Price Index recorded an average of 141.
    1 points in February, or 6.
    4% since January, the sixth consecutive monthly increase, and the index was 24.
    8% above the February 2018 record
    .
    same month last year
    .

     
      Meanwhile, the cereal price index rose 3 percent from January and 14.
    8 percent from February of the previous year
    .
    In February, the prices of major grains all rose from the previous month
    .
    World wheat prices rose 2.
    1 percent, mainly due to renewed uncertainty in global supplies due to disruptions in the Black Sea region, which could hamper exports from Ukraine and the Russian Federation, two major wheat exporters
    .
     
      In turn, world corn prices rose 5.
    1% month-on-month on continued concerns over crop conditions in Argentina and Brazil, higher wheat prices, and uncertainty over corn exports from Ukraine, one of the major exporters
    .
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