💨 Abstract

Global food commodity prices decreased in January, led by drops in sugar and vegetable oils. The FAO Food Price Index, which monitors international food commodities, fell 6.2% year-over-year, although it remained 22% below its March 2022 peak. Sugar prices dropped 18.5% due to improved global supply prospects, while vegetable oil prices decreased by 24.9%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖