In the third month of 2025, the average value of the FAO Food Price Index (FPI) was 127.1 points, almost unchanged compared to the February figure. The rise in prices of meat and vegetable oils was balanced by the decrease in prices of grains and sugar, while the price of dairy products remained stable. The overall FPI was 8.2 points (6.9 percent) higher than last year, but 33.1 points (20.7 percent) lower than the record set in March 2022. In March, the average value of the FAO Sugar Price Index stood at 116.9 points, which is 1.6 points (1.4 percent) lower than in February and 16.5 points (12.3 percent) lower than last year. This decline was mainly driven by reduced demand on the global markets, alleviating concerns about sugar supply reductions to the global markets. Furthermore, the drop in global sugar prices was also influenced by substantial rainfall following an extended dry spell in the major sugarcane cultivation regions in Brazil. However, deteriorating sugarcane crop forecasts in India and concerns related to overall sugarcane crop forecasts in Brazil continue to support price rises, limiting their decline in March.
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