Tag: Food Price Index
Food Price IndexFAO October Price Index: cereals and oils down; increases in dairy and sugar
The FAO Food Price Index fell 1% in October 2012, and for the first ten months of the year food prices were on average 8% lower than in the same period in 2011. The Index dipped two points to 213 points from September's revised level of 215 points. The decline was largely due to lower international prices of cereals and oils and fats, which more than offset increases in dairy and sugar prices.
FAO warns countries against a repeat of the 2007/08 food prices crisis
The world could face a food crisis of the kind seen in 2007/08 if countries restrict exports on concerns about a drought-fuelled grain price rally, the UN food agency FAO warned, after reporting a surge in global food prices in July.
FAO food price index down in June but rebound anticipated for July
FAO Food Price Index fell for the third consecutive month in June 2012, dipping 1.8% from May to its lowest level since September 2010. The four-point drop in June brought the index to 201 points from a revised level of 205 points in May 2012.
FAO food price index fell by 4% in May on prospects of good cereal production
United Nation’s Food and Agriculture Organization (FAO) said global food prices dropped sharply in May due to generally favourable supplies, growing global economic uncertainties and a strengthening of the US dollar.
World Bank Food Price Watch jumped 8% in four months to March
Global food prices increased by 8% from December 2011 to March 2012 due to higher oil prices, adverse weather conditions, and Asia’s strong demand for food imports, according to the World Bank Group’s latest Food Price Watch.
Food inflation in South America is higher than the average overall index
In the last two years inflation in Latin America has stabilized varying between 6% and 7%, according to the latest monthly report from the FAO (Food and Agriculture Organization) regional office.
FAO Food price index rose 1% in February but is 10% below a year ago
The FAO Food Price Index rose 1% or 2.4 points from January to February. The Index climbed nearly 2% in January – its first increase in six months. The February increase was mostly driven by higher prices of sugar, oils and cereals while dairy prices fell slightly after a marked rise in January.
FAO Food Price Index up 2% in January, first increase since July 2011
The FAO Food Price Index rose by nearly two percent or four points from December to January, its first increase since July 2011. According to FAO prices of all the commodity groups in the index registered gains last month with oils increasing the most followed closely by cereals, sugar, dairy products and meat.
FAO food price index drops in October but remains higher than in 2010 and volatile
The FAO Food price index dropped to an 11-month low in October, declining 4%, or nine points, to 216 points from September. Nonetheless prices still remain generally higher than last year and very volatile, FAO said.
FAO anticipates ‘tight’ cereal markets in 2011/12 and lower prices
Despite improved production prospects, world cereal markets are likely to remain fairly tight in 2011/2012, FAO announced this week. Prices on the other hand will tend to decline as a result of softer demand because of worsening economic conditions.
