World Food Price Index for the month increased by 1.2%
Almaty. June 7. KazTAG - The World Food Price Index for the month grew by 1.2%, stated the press service of the Food and Agriculture Organization of the United Nations (FAO).
The organization explained that world food prices in May rose for the fifth consecutive month, and the reason is rising prices for cheese and corn due to adverse weather conditions.
“The FAO index of prices for dairy products has increased by 5.2% since April. The FAO index of grain prices rose by 1.4%, which was explained in the organization by an unexpected increase in corn price quotes due to the deterioration in production forecasts in the United States. Wheat prices generally declined, while rice prices remained stable. The FAO index of sugar prices for the month decreased by 3.2%. The FAO index of vegetable oil prices fell 1.1%. Prices for soybean, sunflower and rapeseed oil rose slightly. Prices for beef declined relative to high April prices, which reflects the growth of export supplies in the world”, - reported.
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