In January, the world food price index decreased by 1.6%

10:36; 12 February 2025 year

In January 2025, the world food price index decreased by 1.6% compared to the previous month and by 6.2% compared to January last year. This is due to falling prices for sugar, vegetable oil and meat.

Global wheat prices declined due to weak import demand, while corn prices rose due to supply shortages and unfavorable conditions in Argentina and Brazil.

Sugar prices have fallen to their lowest level since October 2022 due to favorable weather in Brazil, which improved the prospects for the sugar cane harvest.

In Russia, the price dynamics was -3.5% compared to the previous month and 20.2% compared to last year. The average USD exchange rate rose to 100.4.

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