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In July, the average value of food price Index of FAO (used to track international prices of most tradable food products) 94.2 points. This is 1.2% more than in June and nearly 1% higher than in July 2019.

the highest growth of vegetable oil and dairy products. The price index for vegetable oils, the FAO has increased by 7.6% compared to June and reached a maximum for last five months level.

“the Rise in international quotations for the principal vegetable oils is due to the expected decline in production, as in the case of palm oil, and increasing international import demand and a shortage of migrant workers”, – says the FAO.

the price Index for dairy products, FAO has increased by 3.5%. More expensive all the dairy products from butter and cheese to milk powder.

Also a bit more expensive sugar (1.4% in comparison with June). It affected the growth of energy prices and the drop in sugar production in Thailand affected by drought.

Almost unchanged world prices for grains. The corn and sorghum has been a sharp price spike – China has acquired a significant amount of this product in the United States. However, to offset this growth was the drop in the price of rice – this season expect a large harvest.

But the meat has fallen in price on 1,8% in comparison with June and 9.2% in comparison with July of last year. The demand for pork and beef remained below the proposals, despite some interruptions of supplies from key exporting regions of the pandemic coronavirus. But the meat of a bird has grown up a bit in price. FAO experts attribute this primarily to the decline in production volumes in Brazil due to the rising feed prices.