The price index calculated by the FAO, which tracks the evolution of international prices of a basket of basic products, recorded a drop of 13.3% for cereals compared to 2023 and of 13.2% for sugar during the same period.
These declines were offset by higher prices for vegetable oils, which increased by 9.4%, dairy products, which increased by 4.7%, including butter, and meat, which increased by 2%. .7%.
“Downward pressure from weak international demand and increased seasonal supply in Argentina and Australia was offset by upward pressure from poor winter crop conditions in Russia,” it said. the report.
According to the organization, global corn prices rose slightly, “supported by a slight increase in export sales and a reduction in U.S. supply, as well as strong demand from the Ukraine”.
-The fall in sugar prices is mainly due to “record exports to Brazil during the year” and “a positive outlook for global supply in the 2024/25 harvest.”
Despite a slight drop in December, annual oil prices remained high, driven by palm oil, in a context of “limited global supply”.
Swiss
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