You searched for "FAO Food Price Index" (10 results found)

The FAO Food Price Index rises mostly on higher dairy prices

  • 14 Mar 11:02

The FAO Food Price Index rises mostly on higher dairy prices The FAO Meat Price Index was up slightly, supported by higher prices of bovine and pig meat. Global food prices rose in February, with the FAO Food Price Index averaging 167.5 points, up 1.7% from January, in part driven up by sharp increases in dairy prices. The Index, which is an indicator of the monthly changes in international prices of a basket of food commodities, is currently at its highest level since August 2018, but still nearly 2.3% below its value at the same month last year. TheFAO Meat Price Index was up slightly, supported by higher prices of. Read more...

Global Food Prices Increased Rapidly in June

  • 14 Jul 08:27

Global Food Prices Increased Rapidly in June International food commodity prices shot up 4.2 per cent in June, their steepest monthly increase of the past four years.The FAO Food Price Index averaged 163.4 points in June and is now one per cent below the level reached a year earlier. The June rise, which affected all commodity categories except vegetable oils, was the fifth consecutive monthly increase. The FAO Cereal Price Index rose 2.9 per cent in the month and is now 3.9 per cent below its level of June 2015. Maize prices drove that increase, primarily due to tightening spot export supplies from Brazil. Ample wheat supplies and reports of record yields in the United States held down wheat prices. The FAO. Read more...

FAO Food Price Index Up a Notch

  • 13 Apr 09:57

FAO Food Price Index Up a Notch The FAO Food Price Index (FFPI) averaged 151.0 points in March 2016, up 1.0 per cent from February, but almost 21 points (12.0 per cent) below its March 2015 level. The main feature last month was the strong rebound in sugar prices, which, combined with a further increase in vegetable oil quotations, more than offset a plunge in dairy values. International prices of the other commodities used in the calculation of the FFPI changed little. The FAOCerealPrice Index averaged 147.6 points in March, down marginally from February, but 13.1 percent less than in March 2015. Wheat prices averaged slightly lower, as a result of strong competition and a generally favourable supply. Read more...

Global Food Prices Steady in February

  • 4 Mar 11:30

Global Food Prices Steady in February The FAO Food Price Index was stable in February, as falling sugar and dairy prices offset a substantial jump in vegetable oil prices from the previous month. Averaging 150.2 points for the month, the FAO Food Price Index was virtually unchanged from a revised 150.0 points in January and down 14.5 per cent from a year ago. FAO also issued its first forecast for the world's 2016 wheat harvest, projecting 723 million tonnes of total production, about 10 million tonnes below last year's record output. The FAO Food Price Index is a trade-weighted index tracking international market prices for five key commodity groups: major cereals, vegetable oils,. Read more...

Food Prices Fall in November Amid Robust Global Inventories

  • 8 Dec 10:05

Food Prices Fall in November Amid Robust Global Inventories Major food commodity prices fell in November, reversing about half their rise in the previous month, as the cost of internationally-traded staples, except for sugar, fell across the board. The FAO Food Price Index averaged 156.7 points in November, down 1.6 per cent from its revised October average, and 18 per cent below its value a year earlier. The FAO Cereal Price Index fell 2.3 per cent, with coarse grain prices falling even more due to favourable harvests in the United States, the world's largest maize producer and exporter. Vegetable oil prices fell 3.1 per cent from October, aided by lower energy prices, and encouraging planting and production prospects for. Read more...

Adverse Weather Pushes Food Prices Up in October

  • 9 Nov 08:17

Adverse Weather Pushes Food Prices Up in October Major food commodity prices rose in October, spurred by weather-driven concerns about sugar and palm oil supplies.The FAO Food Price Index averaged nearly 162 points in October, up 3.9 per cent from September, while still down 16 percent from a year earlier. FAO's latestCerealSupply and Demand Brief slightly trimmed its October 2015 forecast for global cereal production and now projects production at 2.53 billion tonnes, 1.1 per cent below last year's record output. Half of the forecast cut reflected dimmer expectations about maize crops in India and Ukraine, mostly due to adverse weather. Drought in Thailand prompted a reduction in the seasonal. Read more...

Global Food Prices Up Slightly in September

  • 12 Oct 11:56

Global Food Prices Up Slightly in September The FAO Food Price Index averaged 156.3 points in September 2015, up one point from its sharply reduced August value, but still 18.9 per cent less than one year ago. The quotations of sugar and dairy products firmed last month, while those of the other commodities remained close to, or slightly below, their respective August levels. The FAO Dairy Price Index averaged 142.3 points in September, up 6.8 points (5 per cent) from August. The rise followed a sharp fall in the Index in the previous month. While the prices of all dairy commodities firmed, those of milk powders exhibited the largest increase. This was associated mainly with higher quotations from New. Read more...

FAO Food Price Index Registered Steady Meat Prices in August

  • 14 Sep 10:16

FAO Food Price Index Registered Steady Meat Prices in August The FAO Food Price Index averaged 155.7 points in August 2015, down 8.5 points (5.2 per cent) from July, the sharpest monthly drop since December 2008. In addition to ample supplies, a number of other factors contributed to the decrease, including the slump in energy prices and concerns about China’s economic slowdown and its negative consequences on the global economy and financial markets. The decline affected all the commodities tracked by the index, except for meat, the prices of which remained generally steady. The FAODairyPrice Index averaged 135.5 points in August, down 13.6 points (9.1 per cent) from July. As in the previous three months, milk powders. Read more...

FAO Food Price Index Hits Lowest Level in Almost Six Years

  • 10 Aug 11:49

FAO Food Price Index Hits Lowest Level in Almost Six Years The slide in prices for dairy products and vegetable oils has driven the Food Price Index to its lowest monthly average value since September 2009.These price declines for major food commodities more than offset some increases for prices of sugar and cereals during July. Meat prices, meanwhile, remained stable. The FAO Food Price Index averaged 164.6 points in July, down 1.0 per cent from June, and 19.4 per cent from a year earlier. The trade-weighted index tracks prices on international markets of five major food commodity groups: cereals, meat, dairy products, vegetable oils and sugar. In July, the dairy price index dropped 7.2 per cent from the previous month,. Read more...

Food Prices Expected to Fall Over Next Decade

  • 7 Jul 10:51

Food Prices Expected to Fall Over Next Decade Strong crop yields, higher productivity and slower growth in global demand should contribute to a gradual decline in real prices for agricultural products over the coming decade, according to the latest Agricultural Outlook report produced by the OECD and FAO. Nonetheless, prices will likely remain at levels above those seen in the early-2000s. Lower oil prices will contribute to lower food prices, by pushing energy and fertiliser costs down, and removing incentives for the production of first-generation biofuels made from food crops. The OECD-FAO Agricultural Outlook 2015-2024 projects that agricultural trade will increase more slowly than in the previous decade,. Read more...