FAO reported that its Food Price Index fell 2.4 points in June, the first dip since the start of 2018, attributed largely to growing trade conflicts. With both corn and wheat weaker, the Cereal Index fell 6.4 points in June. The Vegetable Oil Index fell 4.5 points to a 29-month low.
The Sugar Price Index, however, rose 2.1 points in June, ending a six-month slide on weather concerns and the potential of further declines in Brazil’s output this season.
Compared to a year ago, the Food Price Index is down 0.9 percent. The change for the index components is: Meat, down 3.3 percent; Dairy, up 2.2 percent; Cereals, up 7.7 percent; Oils, down 9.9 percent; Sugar, down 10.1 percent.
Select price indexes, annual history
Posted by: Information Services Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.