In January global food prices increased by 2% - FAO

According to the FAO, in January of this year, the world food price index increased in comparison with December by 1.8% to 164,8 p, which is 2.2% lower than in January 2018.

the Growth of this index is caused by the rapid increase in prices for dairy products and palm and soybean oil, - explained in FAO.

in addition, the index of cereal prices in January showed a slight increase in comparison with December and amounted to EUR 168.1 p. the prices of basic cereals was relatively stable amid declining exports and high global demand.

the price Index for vegetable oils rose 4.3% to of 131.2 p. due to the seasonal increase in the price of palm oil, the decline of production in major exporting countries. In addition, soybean oil has also risen due to increased demand in the South American oil.

In January of this year compared to the previous month price index for dairy products rose by 7.2%, sugar – by 1.3%, while meat remained almost no variables.