date:Jan 13, 2020
rompted by rising crude oil prices, which encouraged Brazil's sugar mills to use more sugarcane supplies to produce ethanol. This then leads to reduced sugar availability in the global market.
The FAO Dairy Price Index also went up by 3.3 percent during the month, led by cheese prices, which increased by almost 8 percent. This was amid tighter export availabilities from the EU and Oceania.
The FAO Cereal Price Index rose 1.4 percent, driven mainly by wheat prices amid accelerating import deman