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Montevideo, April 25th 2024 - 09:12 UTC

Stories for November 12th 2018

  • Monday, November 12th 2018 - 07:11 UTC

    This year will again be positive for global cereal production, anticipates FAO

    Worldwide output of coarse grains is forecast at 1 360 million tons, a 2.2 percent drop from 2017

    The United Nations FAO has raised its forecast for global cereal production in 2018 to 2.601 million tons, primarily due to higher estimates for wheat production in Canada and China. Nonetheless, the new forecast remains 2.1 percent below the record level achieved in 2017.

  • Monday, November 12th 2018 - 07:11 UTC

    FAO Food Price Index dipped in October pushed by dairy, meat and vegetable oils

    The Dairy Price Index led the overall decline, slipping 4.8% from the previous month and 34% below the peak reached in February 2014

    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. 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.

  • Monday, November 12th 2018 - 01:48 UTC

    Axion cuts down fuel price in Argentina

    Axion's decision reverted the upward trend in a historical move which “...responds to a commercial strategy.”

    Fuel retailer Axion cut down its prices by 3.2% in Argentina, in line with declines of both the US dollar exchange rate and the international oil barrell, it was reported Saturday. Other companies are expected to follow suit shortly.

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