In December, global food prices saw a significant decline, according to the United Nations report. In the same month, the FAO food price index fell by 1.9% compared to November, that of cereals fell by 3.1%, that of vegetable oils by 5.6%, dairy products by 2.4% and meat by 0.5%. This decrease is attributed to several factors, including an increase in harvests in some regions. Prices for cereals, vegetable oils and dairy products fell in particular, offering relief to consumers.
The decrease in fertilizer costs – 30% compared to 2022 – has also contributed to this trend, making agricultural production more affordable. Experts believe that this situation could improve food security in developing countries. However, despite this decline, prices remain high compared to pre-pandemic levels.
Geopolitical conflicts and extreme weather conditions continue to influence food markets. The United Nations is calling for continued efforts to stabilize prices and ensure access to food. Countries need to strengthen their food production systems to cope with future fluctuations.
In conclusion, although the decline in prices in December is encouraging, challenges remain, requiring constant attention from governments and international organizations.
Source : Nations-Unies