Global food commodity prices rise for the ninth straight month in February – FAO

Food-Collage.jpg

Global food commodity prices rose for the ninth consecutive month in February, with quotations for sugar and vegetable oils increasing the most, the Food and Agriculture Organization of the United Nations (FAO) said on Thursday. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 116.0 points in […]

Read more

India’s exports of cereals rise by 52% in nine months of current fiscal year

India’s exports of cereals — rice, wheat and coarse cereals — rose by 52% in the first nine months of the current fiscal year, according to the state-run Agricultural and Processed Food Products Export Development Authority (APEDA). The total exports of cereals  during the period rose to $4.5 billion, accounting for 48.6% of the total export […]

Read more

World cereal production forecast raised, but stocks seen falling sharply and trade to exceed earlier predictions – FAO

20130714-PS-Paddy-04.jpg

The UN food agency on Thursday raised its forecast for global cereal production in 2020 and said that early prospects for this year point to a modest increase in wheat production in the northern hemisphere and a decline in maize production in the southern hemisphere. The latest forecast for world cereal production in 2020 stands at nearly […]

Read more

Global food prices rose sharply in January

peter-bond-KfvknMhkmw0-unsplash-scaled.jpg

Global food prices rose in January for the eighth consecutive month, led by cereals, vegetable oils and sugar, according to the Food and Agriculture Organization of the United Nations (FAO). FAO’s Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 113.3 points in January, marking a 4.3 percent increase […]

Read more

World food prices hit three-year high in 2020 after additional gains in December – FAO

World food prices rose for the seventh consecutive month in December, led by dairy products and vegetable oils, the Food and Agriculture Organization of the United Nations reported. The FAO Food Price Index averaged 107.5 points in December, 2.2 percent higher than in November. Over the whole of 2020, the benchmark index, which tracks monthly changes in […]

Read more

Global cereal output still expected to reach an all-time high despite downward revisions, says FAO

raphael-rychetsky-li9JfUHQfOY-unsplash-scaled.jpg

The UN food agency on Thursday reduced the world’s 2020 cereal production for a second consecutive month, by nearly 13 million tonnes, largely on expectations of diminished world coarse grains production, but global cereal output was still forecast at a record 2 750 million tonnes, surpassing the 2019 output by 1.6 percent. The reduction in […]

Read more

India’s agriculture ministry pegs Kharif foodgrain production at a record 144.52 million tonnes in 2020-21

food-security.jpg

Foodgrain production is pegged at record 144.52 million tonnes in the 2020-21 kharif season notwithstanding COVID-19 crisis, Agriculture Minister Narendra Singh Tomar said. Foodgrain production stood at 143.38 million tonnes during the 2019-20 kharif season, as per official data. Currently, harvesting of kharif crops is underway. Rice is the main kharif crop. “Foodgrain production will […]

Read more

Global cereal markets to remain well supplied in 2020/21, says FAO

MG_9702-scaled.jpg

Global cereal markets are expected to remain adequately supplied in 2020/21 despite this month’s downward revisions to production and inventories, the Food and Agriculture Organization (FAO) said in its latest monthly report. With trade in cereals seen expanding in 2020/21, global cereal markets continue to demonstrate their resilience amidst the challenges and uncertainty caused by […]

Read more