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World Food Prices Rise for Seventh Month In a Row in December
World food prices rose for the seventh consecutive month in December, led by dairy products and vegetable oils, the Food and Agriculture Organization of the United Nations reported.
The FAO Food Price Index averaged 107.5 points in December, 2.2 percent higher than in November. Over the whole of 2020, the benchmark index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 97.9 points, a three-year high and a 3.1 percent increase from 2019 although...
Global Food Commodity Prices Rose To a Nearly Six-Year High in November
Global food commodity prices rose sharply in November to their highest level in nearly six years, according to a benchmark United Nations report released today.
The FAO Food Price Index averaged 105.0 points during the month, up 3.9 percent from October and 6.5 percent higher than its value a year earlier. The monthly increase was the sharpest since July 2012, putting the index at its highest level since...
Global Food Prices Continue Rising in October
Global food prices continued rising for the fifth consecutive month in October, led by cereals, sugar, dairy and vegetable oils, according to a new report from the Food and Agriculture Organization of the United Nations.
The FAO Food Price Index, which tracks international prices of the most traded food commodities, averaged 100.9 points in October 2020, up 3.1 percent from September and 6.0 percent above its value in October 2019.
The FAO Cereal Price Index climbed 7.2 percent from the previous month and 16.5 percent above its value in October 2019. The surge was mainly driven by wheat prices amid shrinking...
FAO and OIE Kickstart Global Initiative to Stop Spread of Deadly Pig Disease
As African swine fever (ASF) marches swiftly across countries affecting food security and livelihoods of some of the world's most vulnerable populations, the Food and Agriculture Organization of the United Nations (FAO) and the World Organisation for Animal Health (OIE) are calling on all nations and partners to join forces to keep this deadly pig disease at bay under a new initiative.
The Global Control of ASF Initiative, recently launched under the GF-TADs umbrella, supports actors at every level to coordinate and strengthen control measures to minimise the impact of this complex and challenging disease.
Bringing together governments, industry and specialists, FAO and OIE will present...
FAO: Prices of Several Staples Up to Multi-Month Highs
The benchmark price index for food commodities rose in September, led by vegetable oils and cereals, according to a report from the Food and Agriculture Organization of the United Nations.
The FAO Food Price Index averaged 97.9 points during the month, up 2.1 percent from August and 5.0 percent higher than its value in September 2019.
The FAO Cereal Price Index rose 5.1 percent from August and is now 13.6 percent higher than a year ago. Higher wheat price quotations led the increase, spurred by brisk trade activity amid concerns over production prospects in the southern hemisphere as well as...
Global Food Prices Rise in August
Global food prices rose for the third consecutive month in August, influenced by generally firmer demand and a weaker U.S. dollar, according to a report released today by the Food and Agriculture Organization of the United Nations.
The FAO Food Price Index, which tracks the international prices of the most commonly traded food commodities, averaged 96.1 points in August, up 2.0 percent from the previous month and reaching its highest level since February 2020.
The FAO Cereal Price Index rose by 1.9 percent from July, averaging 7.0 percent above its value in August 2019, with coarse grains leading the rise. Sorghum prices rose 8.6 percent - and stood at 33.4 percent above their year-ago level, mostly on the back of strong import demand by...
Global Food Commodity Prices Rebound in June
In June, global food commodity prices rose for the first time since the beginning of the year driven by a rebound in vegetable oils, sugar and dairy quotations. However, in the cereals and meat markets, most prices remained under downward pressure amid market uncertainties posed by the COVID-19 pandemic.
The FAO Food Price Index, which tracks international prices of the most traded food commodities, averaged 93.2 points in June, some 2.4 percent higher than the previous month.
The FAO Vegetable Oil Price Index gained 11.3 percent in June, after declining for four consecutive months. The rebound mainly reflects a sharp rise in palm oil prices due to recovering global import demand, following...
Global Food Commodity Prices Drop Further in April
World food commodity prices declined for the third month in a row during April, as the economic and logistical impacts of the COVID-19 pandemic resulted in significant contractions in demand for many commodities.
The FAO Food Price Index, which tracks international prices of the most commonly-traded food commodities, averaged 165.5 points in April, some 3.4 percent lower than the previous month and 3 percent lower than April 2019.
The FAO Sugar Price Index hit a 13-year low, declining 14.6 percent from March, when it posted an even larger monthly drop. Collapsing international crude oil prices reduced demand for...
World Food Prices Drop in March
World food prices declined sharply in March, driven mostly by demand-side contractions linked to the effects of the COVID-19 pandemic and the drop in global oil prices due mostly to expectations of economic slowdown as governments roll out restrictions designed to respond to the health crisis.
The FAO Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities, averaged 172.2 points during the month, down 4.3 percent from February.
"The price drops are largely driven by demand factors, not supply, and the demand factors are influenced by ever-more deteriorating...
World Food Prices Drop in February
World food prices declined in February for the first time in four months due to a sharp fall in the export prices of vegetable oils, partly driven by fears that the coronavirus (COVID-19) outbreak will slow global demand.
The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 180.5 points in February, down 1.0 percent from the previous month but still 8.1 percent higher than a year earlier.
The FAO Vegetable Oil Index declined 10.3 percent from January, with international palm oil prices falling by even more on account of higher-than-expected output in Malaysia, a temporary drop in...
World Food Prices Rise in January
World food prices rose for the fourth consecutive month in January.
The FAO Food Price Index averaged 182.5 points during the month, up 0.7 percent from December and 11.3 percent higher than the same month a year earlier.
Vegetable oils, sugar, and wheat were the chief drivers of the index, which tracks monthly changes in the international prices of commonly-traded food commodities.
The FAO Vegetable Oil Price Index increased 7.0 percent for the month, hitting a three-year high as prices for palm, soy, sunflower and rapeseed oils all...
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