08.09.2017
Джерело: The DairyNews
Регіон: Світ
In August 2017 the average value of food price Index of FAO (FPIF) was almost 176.6 points, which is by 2.3 points (1.3%) below the July value, but still by 10 points (6%) higher than last year. The decline in August reflects the decline in the prices of cereals, sugar and meat, which with an excess compensated for the rise in price indices of vegetable oil and dairy products. 
 
The average value of the Price Index FAO for cereals in August amounted to 153.4 points, almost by 9 points (5.4%) below the figure for July. After three months of growth the price for grain in August was under the pressure of significant supply around the world. Prices for wheat fell more than by 8 percent compared to the previous month as a result of good crop prospects in exporting countries, especially in the Black sea region. Export prices for the main types of feed grains also fell in connection with the supply of a significant volume for export, especially with the supply of corn in South America. International prices for rice remained generally stable because the stagnant import demand compensated for the support in the form of reductions in inventory before the receipt of grain crop. 
 
The average value of the Price Index FAO for dairy products in August was 219.7 points, which is by 3.1 points (1.4%) below the level of July. Although the index level is by 65 points (42%) higher than the corresponding figure for last year it is still 20% below the peak achieved in February 2014. Prices for butter and whole milk powder rose in August due to the reduction in export supply as a result of growth in domestic demand for milk fat in Europe and North America. In contrast, quotes for skimmed milk powder began to experience downward pressure in connection with the prospects of increasing the export supply, while the global market for cheese was stable. 
 
The average value of the Price Index FAO for meat in August was 172.4 points, by 2.1 points (1.2%) lower compared to the slightly revised value in July. Thus, the index value is by 8.5% higher than it was January this year, but by 18.7% lower than its peak, which it reached in August 2014. While the international price of beef declined, the prices of pork, lamb and poultry meat remained almost unchanged. The fall in beef quotes reflects the increase of export supply from Australia and the growth prospects of the domestic supply in the United States. When there is significant import demand for lamb, pork and poultry, the supply of the major regions-producers was generally sufficient. 



Reference: the Food Price Index FAO is a measure of the monthly change in international prices of a basket of food commodities. It is calculated on the basis of the average values of price indices for five commodity groups, taking into account of weighted average of the share of each group in exports in 2002-2004. 
 
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