Economy 13:45 08/11/2019 World

FAO: World food prices rise for first time in five months

World food prices rose for the first time in five months in October, boosted by jumps in quotations for sugar and cereals, Reuters reported, citing the United Nations food agency.

The Food and Agriculture Organization (FAO) Food Price Index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 172.7 points in October, up 1.7% on the previous month and 6.0% year-on-year.

FAO also predicted that cereal production would be 2.704 billion tonnes in 2019, slightly lower than its last forecast.

The FAO sugar price index jumped 5.8% from September levels, largely because of expectations of lower supplies in the year ahead following forecasts of large reductions in sugar output in India and Thailand.

The cereal price index rose 4.2%, with wheat and maize export prices climbing on the back of reduced crop prospects in several major producing countries and “robust trade activity”. By contrast, rice prices fell, hit by subdued demand and expectations of an abundant basmati harvest.

The vegetable oil price index increased 0.5% to reach its highest level in more than a year, while the meat price index rose 0.9%, driven by higher import demand especially from China.

By contrast, the dairy price index dropped 0.7% in October, as lower quotations for cheese offset increases in those for skimmed and whole milk powders, FAO said.

FAO lowered its forecast for global cereal production in 2019 by some 2 million tonnes, pegging world cereal output at 2.704 billion tonnes, but still up 1.8% from 2018 levels.

The U.N. agency said worldwide coarse grain production in 2019 was seen at 1.425 billion tonnes, down 1.3 million on the previous forecast.

Wheat output was seen at 765 million tonnes, down nearly 1 million tonnes on the last outlook, but still on course to set a new record and up 4.5% on 2018 levels.

The forecast for global rice production was put at 513.4 million tonnes, little changed on the previous forecast and slightly below 2018 levels.



Source Panorama.am
Share |
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:

Newsfeed

19:50
Seyran Ohanyan: Our Armed Forces fulfill the tasks set before them on a high level
“The Armenian Armed Forces fulfill the tasks set before them on a high level,” former Defense Minister Seyran Ohanyan told...
19:44
ICRC worried about safety of civilians and ready to act as neutral intermediary
The International Committee of the Red Cross (ICRC) is concerned about the humanitarian impact of reported military activity along the...
19:32
Defense ministry releases footage of downing Azerbaijani UAV
Spokesperson at the Ministry of Defense of Armenia Shushan Stepanyan has shared the footage of downing Azerbainanj Elbit Hermes 900 by the...
18:52
Azerbaijani fire kills two Armenian contract servicemen
Two contract servicemen of the Armenian Armed Forces have been killed by Azerbaijani fire on the northeastern direction of the state border, the...
18:49
Azerbaijani forces place artillery batteries around civilian neighborhoods
Razminfo news outlet released satellite images of Dondar-Kushchu village in Azerbaijani Tovuz region located 10 km away from the borderline....
17:56
The CSTO Secretariat calls for immediate restoration of the ceasefire regime
The Collective Security Treaty Organization (CSTO) Secretariat expresses serious concern over the aggravation of the situation on the...
16:51
Kremlin concerned by clashes on Armenian-Azerbaijani border
Clashes on the border between Azerbaijan and Armenia are deeply concerning, and Moscow is ready for mediation, Kremlin spokesman Dmitry Peskov...
16:12
‘Glee’ star Naya Rivera’s body found at Lake Piru, officials say
Officials from the Ventura County Sheriff’s office confirmed Monday that the body discovered at Lake Piru earlier that day has been...
16:09
Armenian forces destroy Azerbaijani drone fire control system
The air defense unit of the Armenian Armed Forces on Tuesday destroyed an Azerbaijani drone fire control system, Defense Ministry spokeswoman...
15:23
Two Armenian servicemen killed in Azerbaijani shooting
Two Armenian servicemen were killed in Azerbaijan's cross-border shooting in the northeastern section of the Armenian-Azerbaijani border on...
15:09
Armenian analyst: Reports on Azerbaijani general’s death confirmed
The Azerbaijani Defense Ministry has, in fact, confirmed reports suggesting a general of the Azerbaijani army has been killed in the fighting on...
14:40
WHO-backed medical team arrives in Armenia from Italy to support Armenian healthcare system
11 medical workers have arrived in Armenia from Italy to support the Armenian healthcare system within the framework of the humanitarian...
14:15
Heritage Party denounces Azerbaijani aggression against Armenia, urges int’l community to take stand
The Heritage Party has condemned Azerbaijan's most recent aggression all along Armenia's northeastern border. Below is the full text of...
14:03
Armenian troops destroy Azerbaijani military outposts that shelled civilian settlements
Units of the Armenian Armed Forces have destroyed Azerbaijani military outposts that shelled border civilian settlements in Armenia's Tavush...
13:35
Azerbaijani aggression against Armenia's civilian population ‘will receive proportionate response’ – Foreign Ministry spox
Armenian Foreign Ministry spokeswoman Anna Naghdalyan on Tuesday issued comments on the shelling of the border town of Berd in Armenia’s...
13:16
AGBU stands behind Armenian government, army and Artsakh people
The Central Board of the Armenian General Benevolent Union (AGBU) released a brief statement on July 13 relating to the hostilities and...
13:11
Artsakh reports 5 fresh COVID-19 cases
Artsakh has reported 5 new coronavirus infections in a 24-hour period, bringing the national tally to 153 as of Tuesday, July 14. All new...
12:55
US senator: Azerbaijan and Turkey must respect Armenian-Azeri border
Three US senators have issued statements on the escalation along the Armenia-Azerbaijan international border sparked by Azerbaijani...
12:22
EU condemns Turkish decision to convert Hagia Sophia into mosque
Foreign ministers of the European Union on Monday condemned the Turkish decision to convert Istanbul's iconic Hagia Sophia back to a mosque,...
12:09
UN urges immediate end to fighting on Armenia-Azerbaijan border
Stéphane Dujarric, the spokesman for Secretary-General of the United Nations António Guterres, on Monday issued a statement on...
11:48
Azerbaijani combat drone targets civilian infrastructure in Armenian border town – spox
Azerbaijani forces have targeted the civilian infrastructure of the border town of Berd in Armenia's Tavush Province with a combat UAV,...
11:36
Armenia reports 339 new coronavirus cases, tally reaches 32,490
Armenia has confirmed 339 new coronavirus infections in a 24-hour period, bringing the national tally to 32,490 as of 11 a.m. Tuesday, July 14,...
11:23
ARF urges int’l community to clearly understand Turkey-Azerbaijan aggression
The Armenian Revolutionary Federation (ARF/Dashnaktsutyun) Supreme Council of Armenia calls on the international community to clearly understand...
11:01
Foreign Ministry: Iran's stance on Karabakh remains unchanged
Iranian Foreign Ministry spokesman Abbas Mousavi said that the country's stance on the issue of Nagorno-Karabakh concerning Armenia and...
10:48
US ‘strongly condemns’ violence along Armenia-Azerbaijan border
The United States strongly condemns the violence along the Armenia-Azerbaijan international border, urging the counties to refrain from using...
10:34
FM: While defending its borders and population, Armenia stands for reducing escalation
Foreign Minister Zohrab Mnatsakanyan of Armenia on Monday held a phone conversation with Josep Borrell, High Representative of the EU for...
10:06
Azerbaijani tank movement curtailed by fire at night – Defense Ministry
Azerbaijani tank movement was observed from combat positions of the Armenian Armed Forces and was curtailed by fire from the Armenian side on...
20:27
Orhan Pamuk: Conversion of Hagia Sophia took away the “pride” of some Turkish people
Turkey’s Nobel prize-winning novelist Orhan Pamuk has criticized the Turkish government’s decision to convert Hagia Sophia into a...
20:14
OSCE Minsk Group Co-Chairs condemn the ceasefire violations on the border
The Co-Chairs of the OSCE Minsk Group (Igor Popov of Russia Stéphane Visconti of France, and Andrew Schofer of the United States),...
20:02
Medical team from Germany arrives in Yerevan to help fight Covid-19
A medical team from ISAR Germany (International Search and Rescue) and Caritas Germany consisting of 16 members has just arrived in Armenia to...

Follow us and get updates!

Most popular articles

{"core.blocks.header.spell_message1":"Selected mistake: ","core.blocks.header.spell_message2":"Send a message about the mistake?"}