Meat is the only one of five major food commodity groups that saw an increase in the Food and Agricultural Organization’s (FAO). Read more...
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...
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...
The FAO Food Price Index fell in January, slipping 1.9 per cent below its level in the last month of 2015, as prices of all the commodities it tracks fell, sugar in particular. The Food Price Index averaged 150.4 points in January, down 16 per cent from a year earlier and registering its lowest level since April 2009. The FAO Food Price Index is a trade-weighted index tracking international market prices for five key commodity groups: major cereals, vegetable oils, dairy, meat and sugar. The main factors underlying the lingering decline in basic food commodity prices are the generally ample agricultural supply conditions, a slowing global economy, and the strengthening. Read more...
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...
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