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FAO, Monthly changes in international prices of food products are monitored Spherical Food Fiyat October results of the Indexhe explained.
Accordingly the index, percent in October compared to the previous month 2 increasing 127,4 rose to points. Like this, index last 18 rose to the highest level of the month.
FAO data, percent of the index compared to a year ago 5,5 showed that it increased and reached the highest level since April 2023. index, In March 2022, after the start of the Russia-Ukraine War 160,2 broke the record by reaching.
The sharp rise in vegetable oil prices was effective in the index recording the highest increase in the last year in October..
Grain Price Index also increased by 1.1% in October compared to the previous month due to the increase in wheat and corn export prices. 0,9 It increased.
Global wheat prices, adverse weather conditions in major exporting countries in the northern hemisphere, It rose due to the resumption of the unofficial floor price application in Russia and the increasing tension in the Black Sea region..
Vegetable Oil Price Index, palm oil, which rose in October mainly due to concerns about production, soya, percent with sunflower and rapeseed oil prices 7,3 increasingly last 2 reached the highest level of the year.
Sugar Price Index, in Brazil after long dry weather conditions 2024/2025 percent due to ongoing concerns about the production outlook 2,6 It increased.
Rising international crude oil prices also contributed to the increase in sugar prices by shifting more sugar cane to ethanol production, while the weakening of the Brazilian real against the dollar limited this increase..
In the same period, the FAO Dairy Products Price Index increased by 1,9 percent of the level in the same period last year, increasing 21,4 It was noteworthy that it rose above. While the rise in international cheese and butter prices was effective in this increase, there was a decrease in milk powder prices..
Contrary to the general upward trend, the Meat Price Index increased by 1.5 percent in October compared to September due to lower pork prices resulting from increased slaughter rates in Western Europe in an environment of weak domestic and external demand. 0,3 decreased.
While world poultry prices showed a limited decrease in October, sheep meat prices remained stable.. However, cattle meat prices, showed a moderate increase as international purchases strengthened.
PRODUCTION ESTIMATES ARE UPDATED
FAO, global production, consumption, It also published the Grain Supply and Demand Summary Report, which includes evaluations of trade and stock trends.. Establishment, announced a month ago 2024 for the year 2,853 billion tons production forecast 2,848 reduced to billion tons. FAO, reported that this figure would be the second largest production on record.
In the report, world wheat production, It is predicted that the increase in production in Asia, as a result of area expansions and favorable weather conditions, will more than compensate for the large decreases seen in important producers in Europe..
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