Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 18/10/2019 10:43 
06.12.2018 14:43 News >> Global Food Prices Lower İn November: Un Food Body

Global Food Prices Lower İn November: Un Food Body

Food and Agriculture Organization food price index reaches lowest level since May last year.

Global food prices in November slipped to their lowest level since May last year, according to the UN Food and Agriculture Organization (FAO) on Thursday.

The food price index averaged 160.8 points in last month, down 2.1 percentage points or 1.3 percent from October, the FAO said in a statement.

The FAO Food Price Index is a trade-weighted index that tracks monthly changes in international market prices of five major food commodity groups.

The decrease in November was stemmed from marked drops for palm oil and other vegetable oils, the statement noted.

FAO said the vegetable oil price index hit a 12-year low, down 5.7 percent month-on-month in November.

"Large palm oil inventories and abundant supplies of soy and sunflower oils fueled the decline," the statement read.

The dairy price index dropped for the six consecutive months, falling 3.3 percent or 6 points in November as large stocks and increased the availability of export supplies - especially from New Zealand - led to lower price "ations for butter, cheese and whole milk powder.

The cereal price index declined 1.1 percent on a monthly basis in November, reflecting large export supplies of wheat, intensified export competition for maize and new crop arrivals of rice.

The FAO Meat Price Index, averaging at 160 points, was marginally lower compared to the previous month.

"In November, international price "ations for poultry, pig and ovine meat continued to ease, with ovine meat falling the most, while those of bovine meat marginally recovered," it said.

However, the sugar price index defied the downward trend and rose 4.4 percent in the month. This increase was mainly driven by a significant production decrease expected in Brazil.

The UN body is set to release the next global food prices data on January 10, 2019. -



        Latest News
Turkey's Borsa Istanbul Surges 3.7% At Friday Opening 22 minutes ago...
BIST 100 index gains over 3,500 points from previous close; Turkish lira gains ground against other currencies.
African Countries Push For Higher Literacy 22 minutes ago...
Literacy in African countries estimated at roughly 70%, lagging behind world averages of 90%
Social Media Disinformation Seeks To Mislead Public 37 minutes ago...
Social media accounts share fake images, videos to spread disinformation about Turkey’s anti terror operation in N.Syria.
Turkey's Opposition Party Hails Turkey-US Deal On Syria 37 minutes ago...
MHP leader praises President Erdogan for not making concessions on Turkey’s operation.
Turkish Soldier Martyred In Eastern Turkey 7 minutes ago...
Terrorists open fire along Turkey’s Iranian border in Caldiran district of Van province.

 
      Top News
Social Media Disinformation Seeks To Mislead Public Social Media Disinformation Seeks To Mislead Public
Trump Hails Erdogan For Pausing Syria Operation Trump Hails Erdogan For Pausing Syria Operation
Millions Of Sufi Devotees Converge In Senegal's Touba Millions Of Sufi Devotees Converge In Senegal's Touba
Turkey: Parliament Passes New Judicial Reform Package Turkey: Parliament Passes New Judicial Reform Package
Pompeo To Visit Israel, Belgium After Trip To Turkey Pompeo To Visit Israel, Belgium After Trip To Turkey
Sudanese Government Declares Nationwide Cease-Fire Sudanese Government Declares Nationwide Cease-Fire
Trump Says Operation Peace Spring Not Our Problem Trump Says Operation Peace Spring Not Our Problem
India's Apex Court Ends Hearing In Babri Mosque Case India's Apex Court Ends Hearing In Babri Mosque Case
Trump Says Operation Peace Spring 'Not Our Problem' Trump Says Operation Peace Spring 'Not Our Problem'
Libyan Navy Rescues 90 Europe-Bound Migrants Libyan Navy Rescues 90 Europe-Bound Migrants