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GLOBAL – The United Nations’ Food and Agriculture Organization’s (FAO) Cereal Price Index declined nearly 5% in May, its lowest in two years, underpinned by significant drops in the price indices for vegetable oils and cereals. According to FAO, the decline was led by a 9.8% drop in corn due to a favorable production outlook along with sluggish demand for…
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GLOBAL – The Food and Agriculture Organization (FAO), a United Nations agency, has disclosed that the global food price index rose in April, up 0.6% from the previous month for the first time in a year The agency attributed the slight rebound in April to increases in the sugar, meat, and rice price index which offset declines in the major…
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GLOBAL-The Food and Agriculture Organization of the United Nations (FAO) food price index marginally declined in February while wheat prices rose fractionally. The FAO Food Price Index tracks monthly changes in the international prices of commonly-traded food commodities. This month’s fall indicates another reduction for the 11th consecutive month, according to the 3rd March 2023 report. In February, the FFPI…
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GLOBAL – The United Nations Food and Agriculture Organization’s (FAO) forecast for world cereal production in 2022 has been cut by 7.2 million tonnes this month and is now pegged at 2 756 tonnes, 2.0 percent (57 million tonnes) lower year-on-year. The global cereal stock-to-use ratio is estimated to drop to 29.3% in 2022-23 from 30.9% in 2021-22, registering the lowest level…
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