Cereal prices continue to rise despite improved supplies, says FAO

Thursday, February 9th 2017 - 15:45 UTC

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The FAO Food Price Index averaged 173.8 in January, its highest value in almost two years, marking a 2.1% increase from its revised December value and 16.4% above its 2016 January level. The FAO Sugar Price Index surged 9.9% in the month, driven by expectations of protracted supply tightness in Brazil, India and Thailand. Read full article

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:o))
To increase the prices; ANY excuse will do! If it's not the speculators, it is the lack of rain, if it is not due to the lack of rain, it's due to the rising production/distribution costs - so on and so forth - the never ending drama & the monkey-business goes on!
Feb 10th, 2017 - 07:59 pm - Link - Report abuse 0
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