According to the latest data, the FAO Food Price Index continues to rise, indicating that many products around the world are becoming more expensive.
In April, the FAO Consumer Price Index increased by 1.2 points compared to March and by 9 points more than in April 2024.
This indicates that the growth is quite significant, experts emphasize. However, for now, the index is 32 points lower than the record value, which was recorded in March 2022.
The price increase affected many product groups.
For example, grain: in March, it rose in price by 1.2%, if we take the average value throughout the world.
It is noted that almost all types of grain have increased in price. The reason was the reduction in the rate of export from Russia, which is currently one of the leading exporting countries, as well as the weakening of the dollar, including against the euro.
This caused an automatic «revaluation» of all prices formed in dollars.
The tariff wars started by the United States also largely spurred the rise in prices, which complicated the logistics of many goods, and this always leads to an increase in cost.
Because of this, corn has become more expensive, and crops such as barley and rice have not remained on the sidelines.
At the same time, some products not only did not become more expensive, but even fell slightly in price.
For example, this statement is true for oils. Last month, the price index for vegetable oils fell by 4 points compared to March, although this is still 20% higher than last April.
Analysts explain this trend by the fact that palm oil prices fell worldwide, as a result of which this decline offset the rise in soybean and rapeseed oil prices.
At the same time, sunflower oil practically did not change in price during April, but compared to 2024, its price remains at a significantly higher level, largely due to a reduction in supplies from the Black Sea region.
Meat has increased by about 3-4% compared to last year, and butter has broken price records due to high demand and reduced stocks.
In addition, dry milk and cheese have also increased in price. As a result, we see how almost all dairy products have become significantly more expensive.
As for sugar, it has increased in price by 4% compared to March, but has fallen in price by 11% compared to last April.
The uncertainty in the global economy may be the reason for such fluctuations, experts believe.
In particular, the production of carbonated drinks and the food industry have reduced production due to fears of a decrease in demand, which may be caused by the crisis in many countries.
