World food prices remained stable in November

In November, the average value of the FAO food price index was 135,7 points, which was practically unchanged compared to October. This was announced by the press service of the organization.

“Der Anstieg der Preisindizes für pflanzliche Öle und Sugar wurde fast vollständig durch den Rückgang der Preisindizes für Grains, Milchprodukte und Fleisch ausgeglichen. Damit liegt der VPI-Wert nur geringfügig (um 0,3 Prozent) über dem Niveau von November 2021”, heißt es in der Mitteilung.

In particular, the average value of the grain price index in November was 150,4 points, which is 1,9 points (by 1,3%) lower than the October index, but 9 points (by 6,3%) higher than last year. The worldwide wheat prices are down 2,8% in November, mainly due to the resumption of Russian participation in the Black Sea Grains Initiative and the extension of that agreement, as well as the weakening of import demand for supplies from the Black Sea USA due to uncompetitive prices and increased competition in world markets due to the increase in supplies from Russia.

Global feed grain prices are also down, down 1% from the previous month.

“The situation with the Black Sea Grain Initiative also has that corn prices affected, showing a 1,7% decline in November, also helped by the restoration of navigation on the Mississippi (USA) was funded,” the statement said.

The average price index for vegetable oils in November stood at 154,7 points, rising by 3,4 points (by 2,3%) after seven months of continuous decline. The growth recorded in November was due to a rise in world prices for palm oil and soybean oil, which more than offset the decline in canola and sunflower oil prices.

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