As the Standard of Living Declined Following World War Ii, the Demand for Beef Rose.

» The FAO Food Price Alphabetize* (FFPI) averaged 158.5 points in April 2022, down 1.two points (0.eight percent) from the all-time high reached in March, though still 36.four points (29.eight percent) above its value in the corresponding month terminal yr. The drop in the FFPI in April was led by a significant downturn in the vegetable oil sub-alphabetize, along with a slight decline in the cereal price sub-index. Meanwhile, sugar, meat and dairy cost sub-indices sustained moderate increases.

» The FAO Cereal Price Alphabetize averaged 169.5 points in Apr, down 0.seven points (0.4 percent) from the tape high reached in March (since 1990). Afterward surging to a record level in March, international coarse grain prices dropped past 1.eight percent in April, led by a three.0 per centum decline in maize prices, as seasonal supplies from ongoing harvests in Argentina and Brazil helped ease the pressure level on markets. World sorghum prices too declined in Apr by 0.iv pct, while tight supplies pushed barley prices upwardly by 2.5 percent. International wheat prices edged upwards in April, albeit marginally, gaining 0.2 percent. Continued blockage of ports in Ukraine and concerns over 2022 crop conditions in the Usa kept prices elevated, but the cost increases were moderated by larger shipments from India, higher-than expected exports from the Russian Federation, and slightly dampened global demand as a result of high prices. International rice prices in Apr went up ii.3 percent from their March levels, sustained past a combination of strong local demand in various Asian exporters, purchases by Well-nigh Eastern and Chinese buyers and weather setbacks in the Americas.

» TheFAO Vegetable Oil Price Index averaged 237.5 points in April, shedding fourteen.3 points (5.7 percent) from the record high registered in March, but remaining markedly in a higher place its year-earlier level. The decline was driven by lower world prices of palm, sunflower and soy oils, which more than than starting time higher rapeseed oil quotations. International palm oil prices dropped moderately in April, mainly weighed past subdued global import purchases amid high costs too as a weakening demand outlook in China. Nevertheless, uncertainties virtually export availabilities out of Republic of indonesia, the world's leading palm oil exporter, contained farther declines in international prices. In the meantime, world sunflower and soy oil prices too fell month-on-month, largely tied to demand-rationing following the record high prices seen lately. By dissimilarity, rapeseed oil prices stayed firm in Apr, sustained by lingering global supply tightness.

» TheFAO Dairy Cost Alphabetize averaged 147.1 points in April, upwardly 1.3 points (0.9 percent) from March, marker the 8th sequent monthly increase and lifting the alphabetize 28.0 points (23.5 percent) above its value a year ago. In April, the upward trend of dairy product prices continued, driven by the persistent global supply tightness, as milk output in Western Europe and Oceania continued to track below their seasonal levels. International quotations for butter rose the almost, reflecting tight supplies, including low inventories, especially in Western Europe, amidst a surge in need for virtually-term deliveries, partly induced past the current shortage of sunflower oil and margarine.  Despite a decline in foreign purchases, sustained internal need and low inventories in Europe provided support to earth skim milk powder and cheese prices. By contrast, whole milk prices fell moderately, mainly due to a need slowdown in China.

» TheFAO Meat Price Alphabetize* averaged 121.9 points in April, up 2.7 points (2.2 percent) from March and setting a new tape high. The continued price forcefulness stemmed from college globe poultry, pig and bovine meat prices. The poultry meat price increase was driven by solid demand amidst tight global supplies, reflecting disruptions to exports from Ukraine and rising avian influenza outbreaks in the Northern hemisphere. Meanwhile, pig meat prices rose farther, although less steeply than in March, on the prolonged depression supply of slaughter pigs in Western Europe and loftier internal need in large producing countries. World bovine meat prices increased moderately, reflecting loftier export volumes from Brazil, despite the low slaughter cattle supply. With this increase, bovine meat prices reached a new record high. Regarding ovine meat, the pandemic-related lockdowns and port delays in Cathay eased the country's meat purchases, pushing prices marginally lower.

» The FAO Sugar Cost Alphabetize averaged 121.8 points in April, up 3.ix points (three.three per centum) from March, marker the second sequent monthly increase and reaching levels more 20 per centum above those registered in the corresponding month final twelvemonth. Higher ethanol prices in Brazil, coupled with the sustained strengthening of the Brazilian Real against the US dollar, continued to underpin the increase in world sugar prices. Boosted back up was provided by concerns over the slow start of the 2022 harvest in Brazil. However, larger-than-previously-anticipated availabilities in India, a major sugar exporter, bolstered the global supply outlook and prevented more substantial price increases.

* Dissimilar for other article groups, most prices utilized in the calculation of the FAO Meat Cost Index are not available when the FAO Food Toll Index is computed and published; therefore, the value of the Meat Cost Index for the almost recent months is derived from a mixture of projected and observed prices. This can, at times, require significant revisions in the final value of the FAO Meat Price Index which could in turn influence the value of the FAO Food Price Index.

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Source: https://www.fao.org/worldfoodsituation/foodpricesindex/en/

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