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FAO: Food Prices Dip in October

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.

The FAO 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 percent from September and 7.4 percent below its level a year earlier.

The FAO Dairy Price Index led the overall decline, slipping 4.8 percent from the previous month and 34 percent below the peak reached in February 2014. The weaker prices reflect increased export supplies across all major dairy products, especially from New Zealand.

The FAO Meat Price Index declined 2.0 percent from September, with ovine, pig, bovine and poultry meat all posting drops due mostly to abundant export supplies...

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Nov 2 8:59 AM, General News



FAO Food Price Index Down in September Amid Robust Supplies

Rome - Global agricultural food commodity prices fell in September due to growing inventories of key staples.

The FAO Food Price Index declined 1.4 percent from August and is now 7.4 percent below its level during September 2017.

The FAO Cereal Price Index dropped 2.8 percent, led by maize as expectations of a very large crop in the United States of America pushed export quotations down. International prices of rice and wheat also fell during the month, the latter due primarily to ongoing strong sales and shipments from the Russian Federation.

The FAO Vegetable Oil Price Index posted its eighth consecutive monthly decline, dipping 2.3 percent to a three-year low. Palm oil prices registered the sharpest decline, as large inventories in major exporting countries weighed on price quotations, which are now 25 percent below their level of a year ago...

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Oct 5 9:41 AM, General News




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