Friday, January 12, 2018

Food price index rises 8.2% of FAO in 2017

The food price index measured by the United Nations food and Agriculture Organization (FAO) rose 8.2% in 2017, for an average of 174.6 points. This number is the highest since 2014, although it is 24% lower than the record reached in 2011, 230 points. Only in December, the index retreated 3.3 percent to 169.8 points.
In the year, the biggest pressures come from the meat and dairy products, while sugar fell considerably. Cereals and vegetable oils also have risen, but moderate way.
According to the FAO, meat prices have risen 9 percent in the year, to an average of 170 points. The average value of marketing of sheep was the largest, followed by pork, poultry meat and after cattle.
The average indicator for 2017 ended with dairy 202.2 points, 31.5% of 2016, and butter prices had the largest increase, followed by the whole milk and cheese. Skimmed prices were stable.
The price of vegetable oils rose 3% compared to the previous year to an average of 169 points. While the cereals had 3.2%, high for 151.6 points. On the other hand, the sugar averaged 227.3 points throughout the year, which means 11.2 percent less that in 2016 and 38% lower than the record for the segment of 369 points, achieved in 2011.
Supermercado Moderno - 11/01/2018 News Item translated automatically
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