International food commodity prices dipped in October, as falling dairy, meat and vegetable oils prices more than offset a surge in sugar prices, the United Nations said today. TheFAO Food Price Index, a measure of the monthly change in international prices of a basket of food commodities, averaged 163.5 points in October, down 0.9 per cent from September and 7.4 per cent below its level a year earlier. The FAO Dairy Price Index led the overall decline, slipping 4.8 per cent from the previous month and 34 per cent below the peak reached in February 2014. The weaker prices reflect increased export supplies across all major dairy products, especially from New. Read more...
Global food prices rose slightly in September, as firmer prices of vegetable oils and to a lesser extent dairy products offset declining prices for staple cereal grains. According toFAO, the Food Price Index averaged 178.4 points for the month of September, up 0.8 per cent from August and marking a 4.3 per cent increase from a year earlier. The FAO Food Price Index is a measure of the monthly change in international prices of a basket of food commodities. The FAO Vegetable Oil Price Index increased by 4.6 per cent, driven primarily by palm oil, although values for soy, rapeseed and sunflower oils also rose. The FAO Dairy Price Index rose by 2.1 per cent from. Read more...
Global food prices dipped in August, mainly as the prospect of bumper cereal harvests pushed up expectations for larger grain inventories.TheFAOFood Price Index declined 1.3 per cent from July, averaging 176.6 points in August. The drop was largely driven by a 5.4 per cent decline in the FAO Cereal Price Index, reflecting a sharp fall in wheat prices as the outlook for production in the Black Sea region improved. FAO raised its forecast for global cereal production to 2,611 million tonnes, an all-time record. Worldwide stocks of cereals are also expected to reach an all-time high by the close of seasons in 2018, according to the latest FAO Cereal Supply and. Read more...
How do consumers really feel about their food and beverage choices in the supermarket and restaurants? Dr. Tamika Sims, director with the International Food Information Council in Washington D.C., spoke to pork producers at a learning session sponsored by Zoetis at the World Pork Expo in Des Moines, Iowa, USA, about consumer perceptions when they're shopping or dining at a restaurant, how labels can impact consumer choices and food safety perceptions. Dr. Tamika Sims, director at IFIC, spoke to pork producers at a World Pork Expo Learning Session sponsored by Zoetis. "What we found is that labels, such as "organic" and. Read more...
Global food prices rose for the third consecutive month in July, driven mainly by higher cereal, sugar and dairy quotations. FAOreports that theFAO Food Price Index- a monthly trade-weighted index tracking international market prices of five major food commodity groups - averaged 179.1 points in July, its highest value since January 2015, marking a 2.3 per cent increase from June 2017 and 10.2 per cent rise from its level a year earlier. TheFAO Cereal Price Indexwas up 5.1 per cent in July. The Index has been rising consistently over the past three months, supported by firmer wheat and rice quotations. Wheat values rose the most in July, as continued hot and. Read more...
Global food commodity prices are projected to remain low over the next decade compared to previous peaks, as demand growth in a number of emerging economies is expected to slow down and biofuel policies have a diminished impact on markets, according to the latest 10-year agricultural outlook published by the OECD and FAO. TheOECD-FAO Agricultural Outlook 2017-2026says that the completed replenishment of cereal stocks by 230 million metric tonnes over the past decade, combined with abundant stocks of most other commodities, should also help limit growth in world prices, which are now almost back to their levels before the 2007-08 food price crisis. According to. Read more...
Global food commodity prices rose in June, led by wheat and meat prices.TheFAOFood Price Index, a monthly trade-weighted index tracking international market prices of five major food commodity groups, released today, averaged 175.2 points in June, up 1.4 per cent from May and 7.0 per cent from a year earlier. The FAO Cereal Price Index rose by 4.2 per cent in the month, amid surging prices of high-protein wheat due to deteriorating crop conditions in the United States of America. Maize prices, by contrast, declined amid record harvests in South America. FAO's price indices for meat and dairy products also rose, while those for vegetable oils and sugar. Read more...
The European Commission's Joint Research Centre (JRC) scientists have proposed a new approach for identifying the impacts of climate change and extreme weather on the variability of global and regional wheat production. The study analysed the effect of heat and water anomalies on crop losses over a 30-year period. JRC scientists studied the relative importance of heat stress and drought on wheat yields between 1980 and 2010. They developed a new Combined Stress Index in order to better understand the effects of concurrent heat and water stress events. The study 'Wheat yield loss attributable to heat waves, drought and water excess at the global,. Read more...
Global food commodity markets are well-balanced, buoyed by ample supplies of wheat and maize and rebounding production of oilseed products. However, rising shipping costs and larger import volumes are set to lift the global food import bill to more than USD 1.3 trillion this year, a 10.6 per cent increase from 2016,FAOsaid last week in its biannualFood Outlook. The food import bills of least-developed countries, low-income food deficit countries and countries in sub-Saharan Africa are on course to rise even faster due to higher import volumes of meat, sugar, dairy and oilseed products. Rising import bills are forecast for all food categories except for fish,. Read more...
Cherkizovo Group has announced its completion of the acquisition of 100 per cent of NAPKO, one of Russia’s leading grain producers. The transaction includes the acquisition of NAPKO’s agricultural land bank of 147,000 hectares, located in the Lipetsk, Tambov and Penza regions, as well as the supporting production infrastructure to cultivate the land and store grain. In 2016, NAPKO produced 250,000 tons of grain. The transaction increases Cherkizovo Group’s total operating land bank to 287,000 hectares. Sergey Mikhailov, CEO of Cherkizovo Group, commented: "The acquisition of NAPKO marks an important step in the development of our grain farming. Read more...
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