World food prices rise for second consecutive month: grains and meat up, dairy and sugar down = South Korea

Global food prices have risen for a second consecutive month. Prices of grains, oils, and meat have risen, while prices of dairy products and sugar have fallen. According to the Ministry of Agriculture, Food and Rural Affairs of South Korea on the 4th, the Food and Agriculture Organization of the United Nations (FAO)
The World Food Price Index announced by the FAO last month was 119.1, up 0.3% from the previous month. The FAO surveyed international price trends for 24 commodities (95 commodities) and divided them into five commodity groups (cereals, oils and fats, meat, and other products).
The food price index (food products, dairy products, and sugar) is published monthly. The average price for 2014 to 2016 is set at 100, and any price higher than this is assessed as an increase, while any price lower is assessed as a decrease.
The World Food Price Index fell from 117.7 in January to 117.4 in February, but rose for two consecutive months to 118.8 in March and 119.1 last month.
By product category, the meat price index last month was 116.3, up 1.6% from the previous month. Beef prices increased due to increased demand, and poultry meat production became difficult due to the outbreak of avian influenza in the Middle East.
The grain price index rose 0.3% from the previous month to 111.2 points, showing no significant change.
Wheat crop concerns put upward pressure on prices, but continued competition between major exporters limited price increases, although corn prices rose. Russia's invasion of Ukraine
The disruption to logistics comes as Brazil's production outlook is looking downward. Rice prices have fallen due to the impact of the Indica rice harvest.
Oils and fats increased by 0.3% from the previous month. Prices of palm oil and soybean oil fell, while sunflower seed oil and rapeseed oil
The price of palm oil increased in major producing countries but import demand stagnated, and the price of soybean oil fell due to favorable production prospects in South America.
Import demand for oil remained high. Rapeseed oil prices rose due to unfavorable weather conditions in some European producing regions. Meanwhile, sugar prices fell by 4.4%. Sugar supplies in India and Thailand have declined.
The impact was expected to be strong. Improved weather conditions in Brazil also eased some of the concerns about harvest volumes, and the weakness of the Brazilian real compared to the US dollar also led to a drop in sugar prices.