Index of food prices is stable in January

The food price index measured by the United Nations food and Agriculture Organization (FAO) remained stable in January, with 169.5 points. The values of international trade in cereals have risen, while the dairy and sugar fell. Meat and vegetable oils were stable. In comparison with January 2017, the indicator fell 3%. According to the FAO, international prices for cereals have risen nearly 2.5% in January, compared with December, to 156.2 points. "Despite the sick offer, maize and wheat have received support of the falling dollar and concerns about the weather. Rice still standing because of Asian demand, "says the text released today. The indicator for vegetable oils remained at 163.1 points in the month, with little change in relation to December, says FAO. Prices for Palm oil soared, but were outweighed by the drop in oil, sunflower and rapeseed. Meat prices were also stable. Dairy products closed the fourth month followed in fall, with an index at 179.9 points, 2.4% lower than in December. "Despite this, it is 41% higher than the month indicator period last year", says FAO. During the month, the share price of international prices of butter and cheese have declined, while the increased milk powder. The values of sugar fell 1.6 percent on the month, due to increased production in large suppliers, says FAO.