THE GLOBAL WINDOW OF TURKISH FOOD AND AGRICULTURE The Global Window of Turkish Food and Agriculture Sector
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Press release…
In a recent report by the Food and Agriculture Organization of the United Nations (FAO), it was revealed that the global food commodity price indicator increased in February, mainly driven by higher prices of sugar, dairy, and vegetable oil.
The FAO Food Price Index rose by 1.6% compared to the previous month and by 8.2% compared to February 2024 levels, with an average of 127.1 points. The FAO Sugar Price Index saw the biggest increase, rising by 6.6% due to concerns over reduced production in India and adverse weather conditions affecting crops in Brazil.
The FAO Dairy Price Index soared by 4%, driven by strong import demand surpassing production in key export regions. The FAO Vegetable Oil Price Index rose by 2%, largely due to supply constraints and high demand in the biodiesel sector.
The FAO Cereal Price Index surged by 0.7%, primarily due to tight supplies in Russia and concerns over crop conditions in Eastern Europe and North America. World maize prices continued to rise, while world rice prices fell.
The FAO Meat Price Index remained stable, with declines in poultry and pork prices offset by stable ovine and bovine meat prices…
