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Ivory Coast SIKA Finance website reported on July 11, 2022, according to data released by the United Nations Food and Agriculture Organization ( FAO ), in June 2022, global food prices increased by 21% compared with the same period last year, but decreased by 3% compared with May 202 It shows that although global food prices are still at a high level, there will be a certain decli.
The reasons for the decline are:The price of vegetable oil decreased by 6% from the previous month, mainly because the main palm oil producing areas entered the high-yielding season, especially the expected increase in supply in Indonesia;The price of grain decreased by 5% from the previous month, mainly due to The improvement of production conditions in some major wheat-producing countries resulted in a 7% decline in international wheat prices;Sugar prices fell by 6% from the previous month, mainly due to good production prospec.
However, in June 2022, the price of some food products still maintained a month-on-month upward trend, such as the price of dairy products and meat, which rose by 1% and 7% respectively from the previous mon.
The reasons for the decline are:The price of vegetable oil decreased by 6% from the previous month, mainly because the main palm oil producing areas entered the high-yielding season, especially the expected increase in supply in Indonesia;The price of grain decreased by 5% from the previous month, mainly due to The improvement of production conditions in some major wheat-producing countries resulted in a 7% decline in international wheat prices;Sugar prices fell by 6% from the previous month, mainly due to good production prospec.
However, in June 2022, the price of some food products still maintained a month-on-month upward trend, such as the price of dairy products and meat, which rose by 1% and 7% respectively from the previous mon.
