FAO Index: Global Food Prices Rose in September 2024
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Global food prices for September 2024 recorded an increase. This is reflected in the global food index figure, which rose by 3.68 points to 124.4. In the previous month, the global food index according to Food and Agriculture Organization (FAO) data stood at 120.72 points.
The largest increase occurred in the meat group, which rose by 0.35%. Compared to the previous year, meat price increases this year were higher in March, July, August, and September. Meanwhile, for January, February, April, May, and June, FAO reported better conditions this year as prices actually decreased. The lowest meat price drop previously occurred in August.
(Read: Chicken Egg Prices in These 10 Provinces Are the Highest (Thursday, October 10, 2024))
Next came cereal prices, with an increase of 3.01%. For cereal prices in January, February, March, April, May, June, July, August, and September, FAO reported better conditions this year as prices actually decreased. The lowest cereal price drop previously occurred in March.
Other conditions: dairy prices rose by 3.79%, while the vegetable oil index increased by 4.58%, and the smallest increase was in the sugar index, which rose by 11.88 points or 10.43% to 125.74.
This global food price index is at the highest point recorded this year. Meanwhile, since the start of the year, the food price index has grown by 5.7% (year to date).
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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