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    Home > Food News > Food Articles > Global food prices fall in December 2021

    Global food prices fall in December 2021

    • Last Update: 2022-01-21
    • Source: Internet
    • Author: User
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    6 January 2022, Rome - World food prices fell slightly in December as international vegetable oil and sugar prices fell sharply from highs, the Food and Agriculture Organization of the United Nations (FAO) reported on the 6th .
     
    The FAO Food Price Index averaged 133.
    7 points in December, down 0.
    9 percent from November but still up 23.
    1 percent from December 2020
    .
    The index tracks monthly changes in international prices of commonly traded food commodities
    .
    In December, only the dairy sub-index posted a monthly rise
    .
     
    For the whole of 2021, the FAO Food Price Index averaged 125.
    7 points, 28.
    1% higher than in 2020
    .
     
    FAO Senior Economist Abdolreza Abbassian said: "While higher production typically loosens high prices, with high input costs, the ongoing global pandemic and more uncertain weather conditions, even in Prospects for a return to more stable market conditions in 2022 remain bleak
    .
     
    The FAO Cereal Price Index fell 0.
    6 percent from November, as lower export quotations for wheat due to improved post-harvest supplies in the southern hemisphere offset higher maize prices supported by strong demand and concerns about continued drought in Brazil
    .
    For the full year, however, the FAO Cereal Price Index reached its highest annual level since 2012, rising on average by 27.
    2 percent from 2020, with maize up 44.
    1 percent, wheat up 31.
    3 percent, but rice down 4.
    0 percent
    .

     
      The FAO Vegetable Oil Price Index fell 3.
    3 percent in December, with palm and sunflower oil quotations falling, reflecting weaker global import demand, possibly linked to concerns over the impact of rising cases of coronavirus disease 2019 (COVID-19)
    .
    For the whole of 2021, the FAO Vegetable Oil Price Index hit a record high, up 65.
    8% from 2020
    .

     
      The FAO sugar price index fell 3.
    1% from November to a five-month low, reflecting concerns over the possible impact of the COVID-19 Omicron variant on global demand, as well as a weaker Brazilian real and lower ethanol prices
    .
    For the whole of 2021, the FAO Sugar Price Index increased by 29.
    8% from the previous year, reaching its highest level since 2016
    .

     
      The FAO Meat Price Index was broadly stable in December, but for all of 2021, the FAO Meat Price Index was 12.
    7 percent higher than in 2020
    .
     
      The FAO Dairy Price Index was the only sub-index to rise in December, up 1.
    8 percent from November, as international quotations for butter and milk powder rose accordingly as milk production fell in Western Europe and Oceania
    .
    Cheese prices fell slightly, reflecting the preference of Western European dairy producers
    .
    In 2021, the FAO Dairy Price Index will average 16.
    9% higher than in 2020
    .
     
      More information:
     
      FAO Food Price Index:
     
      https:// 
      FAO Cereal Supply and Demand Brief:
     
      https:// 
      Agricultural Market Information System: Market Monitoring:
     
      http://#.
    YdbUcZ7P23A
     
      Agricultural product market information system:
     
      http:// 
      Crop Prospects and Food Situation Reports:
     
      https:// 
      FAO Markets and Trade:
     
      https://  6 January 2022, Rome - World food prices fell slightly in December as international vegetable oil and sugar prices fell sharply from highs, the Food and Agriculture Organization of the United Nations (FAO) reported on the 6th .
    Grain Vegetable Oil Sugar Price Food Price
     
      The FAO Food Price Index averaged 133.
    7 points in December, down 0.
    9 percent from November but still up 23.
    1 percent from December 2020
    .
    The index tracks monthly changes in international prices of commonly traded food commodities
    .
    In December, only the dairy sub-index posted a monthly rise
    .
     
      For the whole of 2021, the FAO Food Price Index averaged 125.
    7 points, 28.
    1% higher than in 2020
    .
     
      FAO Senior Economist Abdolreza Abbassian said: "While higher production typically loosens high prices, with high input costs, the ongoing global pandemic and more uncertain weather conditions, even in Prospects for a return to more stable market conditions in 2022 remain bleak
    .
     
      The FAO Cereal Price Index fell 0.
    6 percent from November, as lower export quotations for wheat due to improved post-harvest supplies in the southern hemisphere offset higher maize prices supported by strong demand and concerns about continued drought in Brazil
    .
    For the full year, however, the FAO Cereal Price Index reached its highest annual level since 2012, rising on average by 27.
    2 percent from 2020, with maize up 44.
    1 percent, wheat up 31.
    3 percent, but rice down 4.
    0 percent
    .

     
      The FAO Vegetable Oil Price Index fell 3.
    3 percent in December, with palm and sunflower oil quotations falling, reflecting weaker global import demand, possibly linked to concerns over the impact of rising cases of coronavirus disease 2019 (COVID-19)
    .
    For the whole of 2021, the FAO Vegetable Oil Price Index hit a record high, up 65.
    8% from 2020
    .

     
      The FAO sugar price index fell 3.
    1% from November to a five-month low, reflecting concerns over the possible impact of the COVID-19 Omicron variant on global demand, as well as a weaker Brazilian real and lower ethanol prices
    .
    For the whole of 2021, the FAO Sugar Price Index increased by 29.
    8% from the previous year, reaching its highest level since 2016
    .

     
      The FAO Meat Price Index was broadly stable in December, but for all of 2021, the FAO Meat Price Index was 12.
    7 percent higher than in 2020
    .
     
      The FAO Dairy Price Index was the only sub-index to rise in December, up 1.
    8 percent from November, as international quotations for butter and milk powder rose accordingly as milk production fell in Western Europe and Oceania
    .
    Cheese prices fell slightly, reflecting the preference of Western European dairy producers
    .
    In 2021, the FAO Dairy Price Index will average 16.
    9% higher than in 2020
    .
     
      More information:
     More information:
     
      FAO Food Price Index:
     
      https:// 
      FAO Cereal Supply and Demand Brief:
     
      https:// 
      Agricultural Market Information System: Market Monitoring:
     
      http://#.
    YdbUcZ7P23A
     
      Agricultural product market information system:
     
      http:// 
      Crop Prospects and Food Situation Reports:
     
      https:// 
      FAO Markets and Trade:
     
      https://
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