Tag Archives: Food Price Index

World food import bill to fall to five-year low, amid hefty commodity supply

A report on agricultural commodity prices released today by the United Nations agricultural agency says that hefty supply levels mean rates will continue to decline despite pressure from a slight reduction in global harvests. “The world food import bill is forecast to reach a five-year low in 2015,” says Food Outlook, a biannual publication by the UN Food and Agriculture Organization (FAO) focusing on developments affecting global food and feed markets. “Currency movements and macroeconomic developments may have important implications for markets again in 2015-16.” Continue reading

FAO Food Price Index falls for the third consecutive month

FAO Food Price Index falls for the third consecutive monthThe FAO Food Price Index averaged 205.9 points in July 2013, 4 points (nearly 2 percent) below its revised value for June and 7 points (or 3.3 percent) lower than in July 2012. The decline in July, which marked the third consecutive monthly drop, was largely driven by lower international prices for grains, soy and palm oil while sugar, meat and dairy quotations were also down from the previous month. Continue reading