Global food prices rose 3% last month...Sugar price 10% ↑

2024.10.05 오후 05:48
The Ministry of Agriculture, Food and Rural Affairs said the global food price index stood at 124.4 last month, up 3 percent from August.

The index is calculated by the U.N. Food and Agriculture Organization by comparing the average price from 2014 to 2016 to 100.

After falling for two consecutive months to 121 in July and 120.7 in August, it turned upward last month.

In particular, the prices of all five food items surveyed rose last month.

Specifically, sugar jumped 10.4% to 125.7.

It is analyzed that prices have risen following dry weather in Brazil and predictions that the August fire could reduce sugar yields.

Oil and milk products rose 4.6%, dairy products 3.8%, and grains also rose 3%.

In addition, meat rose only 0.4%.



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