Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

World food prices reached a record high in February


March, 05 2022
watermark Economic news

According to the Food and Agriculture Organization of the United Nations, world food prices in February reached a historic record.


The food price index in February was 140.7 points, which is 3.9% higher than in January. Compared to February last year, the indicator increased by 24.1%. It is noted that the most significant increase was demonstrated by the prices of vegetable oils and dairy products.


The price index for vegetable oils increased by 8.5% compared to January and became a record - mainly due to the increase in quotations of palm, soybean and sunflower oils. The price index for dairy products in February increased by 6.4% compared to its January value. The grain price index increased by 3%. International rice prices increased by 1.1%, wheat prices increased by 2.1%. The meat price index increased by 1.1% compared to January.


The only product that showed a decrease in cost is sugar. The sugar price index decreased by 1.9% – against the background of favorable harvest forecasts in the main exporting countries (India, Thailand, Brazil).


In general, experts are concerned about the current rise in food prices around the world. One of the reasons for this, they call the unsatisfactory condition of crops and insufficient amount of export stocks. In addition, even stronger price increases are fueled by factors unrelated to production, namely, the situation in the energy sector, fertilizer and feed production.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.