The latest report on this topic, released by the press office of that international organization, highlights that in the seventh month of this year, this indicator, which tracks monthly price variations for a group of products, averaged 130,1 points, 1,6% higher than last June.

This increase, according to FAO experts, was mainly driven by rising international prices for meat and vegetable oils.

The document specifies that this index remains 18,8% below its March 2022 peak, but 7,6 percentage points above its July 2024 level.

During the most recent period reviewed, rising prices for meat and vegetable oils more than offset the decline in the indices for cereals, dairy products, and sugar.

In the case of rice, its world price fell 1,8%, as a result of abundant export supplies and weak import demand.

The meat product price index stood at 127,3 points, up 1,2% from June, reaching a new record high, due to higher prices for beef and lamb due to strong import demand, particularly from China and the United States.

The dairy price index fell 0,1% to 155,3 points, while the sugar price index averaged 103,3, a 0,2 percentage point drop from the previous month, continuing its downward trend for the fifth consecutive month, the source added.

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