Different in food prices globally .. Does food inflation subside?

The Food and Agriculture Organization of the United Nations (FAO) said today, Friday, that the prices of global basic food commodities have been moving around its highest levels in almost more than two years last August, and in exchange for the high prices of meat, sugar and vegetable oils, the cost of pills and dairy products declined.

The Organization for Food Prices, which tracks the monthly changes of a basket of basic food commodities traded globally, scored 130.1 points last August, compared to 130.0 points in July, on the basis of modified data, and 6.9% rose on an annual basis. This is the highest level since February 2023, but it is still 18.8% less than the peak recorded in March 2022 after the start of the Russian war. Ukrainian. Cedar prices decreased, and this is mainly due to the low prices of the Indian product to its lowest levels in three years, as a result of the weakness of the rupee and the intense competition between the two exporters. The meat price index increased 0.6%, recording its highest levels ever, due to the strong demand for beef in the United States and China. Dairy products decreased 1.3%, in light of the decline in butter, cheese, cheese and full -fat milk, as a result Weak demand from Asian markets.
Sugar prices rose 0.2% after 5 months of decrease, as concerns over the production of the Brazilian sugar cane crop, and increased global demand for expectations for the improvement of the crop in India and Thailand. In a separate report, the Food and Agriculture Organization expected that global production of grains would reach a record level at 2.961 billion tons in 2025, compared to 2.925 billion tons in its previous estimates. Expectations about corn production in the United States would strengthen Brazil and Mexico are supported by standard production and the expansion of the cultivated area. The European Union production is expected to decrease due to dry weather and the decline in the crop. (Al -Jazeera)