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FAO: Global food price index expected to fall 2.1% YoY in 2024
On January 3, the Food and Agriculture Organization of the United Nations announced that the global food price index for 2024 was 122.0, a decrease of 2.1% year-on-year. The main reason is the sharp decline in the prices of grains and sugar, while the prices of vegetable oil, dairy products, and meat have experienced a slight pump, but the impact is not significant. In addition, the Food and Agriculture Organization announced that the food price index for December 2024 was 127.0, a decrease of 0.5% month-on-month, and a pump of 6.7% year-on-year. The main reason is the slight decrease in sugar prices.