Wahyu Dwi Anggoro
"Meanwhile, increased import demand slightly pushed up sunflower seed oil prices. By contrast, international soy and rapeseed oil prices declined on account of prospects for large supplies from South America and lingering ample availabilities in Europe, respectively," the United Nations (UN) agency stated.
The FAO Dairy Price Index remained virtually unchanged from its revised December value, standing 17.8 percent below its value a year ago. In January, international price quotations for butter and whole milk powder increased largely due to higher demand from Asian buyers, nearly offsetting declines in those for skim milk powder and cheese.
The FAO Meat Price Index declined for the seventh consecutive month by 1.4 percent from December, as abundant supplies from leading exporting countries drove down international prices of poultry, bovine and pig meats. By contrast, international ovine meat prices increased on high global import demand and lower supplies of animals for slaughter in Oceania.
The FAO Sugar Price Index in January was up 0.8 percent from the previous month, underpinned by concerns over the likely impact of below-average rains in Brazil on sugarcane crops to be harvested from April, coupled with unfavourable production prospects in Thailand and India. (WHY)
