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Global food prices for September 2024 rose, as indicated by the FAO Food Price Index, which increased by 3.68 points to 124.4. The previous month's index stood at 120.72.
The largest increase was observed in meat prices, rising by 0.35%. Compared to the previous year, meat prices were higher in March, July, August, and September. However, FAO data shows that prices were lower in January, February, April, May, and June. The lowest decrease in the meat price index occurred in August.
Cereals followed with a 3.01% increase. Similar to meat, FAO data indicates that cereal prices were lower in January, February, March, April, May, June, July, August, and September compared to the previous year. The lowest decrease in the cereal price index occurred in March.
Dairy prices increased by 3.79%, vegetable oil prices by 4.58%, while sugar prices saw the most significant increase, rising by 11.88 points (10.43%) to 125.74.
This month's global food price index reached its highest point of the year. Year-to-date (YTD), the food price index has grown by 5.7%.
"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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