Global food prices hit a five-year high in December, the UN Food and Agriculture Organization (FAO) said in its monthly report. World food prices rose for the third consecutive month in December, as a strong rally in vegetable oil prices drove the FAO Food Price Index to its highest level in five years. The FAO […]
Select agri and agri-based commodities like meat, milk and fruits, among others, present export opportunity worth over $ 97 billion (about Rs 6.9 lakh crore) for India, as per data released by the Food & Agriculture Organisation (FAO). India’s export share in agri items such as bananas, oranges, chicken, meat, and milk products like cheese […]
FAO’s latest forecast for 2019 world cereal production is pegged at an all-time high of 2 714 million tonnes, up some 0.4 percent from the November figure and now almost 57 million tonnes (2.1 percent) above the reduced outturn in 2018. The month-on-month increase primarily reflects an upward revision to world coarse grains production, associated with higher-than-previously […]
World food prices rose significantly in November, reaching their highest point in more than two years, driven by jumps in the international prices of meat products and vegetable oils, the UN food agency said in its latest report. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged […]
World meat production is expected to decline in 2019 for the first time in more than two decades, as the African Swine Fever outbreak in China decimates pig herds, according to the Food and Agriculture Organization of the United Nations. Production of bovine, ovine, poultry and pig meats is forecast to total 335 million tonnes in carcass […]
World food prices rose for the first time in five months in October, boosted by jumps in quotations for sugar and cereals, the United Nations food agency said. 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 […]
Global food prices declined in August, driven by sharp falls in the prices of staple cereals and sugar, according to a report issued today by the Food and Agriculture Organization (FAO) of the United Nations. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities, averaged 169.8 […]
According to the International Coffee Organization (ICO) August 2019 market report, the monthly average of the ICO composite indicator hit 96.07 US cents per pound, a 6.7 per cent drop form July 2019. This marks a 13.6 per cent drop from the start of the coffee year, October 2018, at 111.21 US cents per pound. […]
In a major boost to the farmers’ income, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the increase in the Minimum Support Prices (MSP) for all Kharif crops for 2019-20 Season. The move will lead to increased investment and production through assured remunerative prices to the farmers, an official […]
Global food prices declined marginally in June 2019, as lower prices of dairy products and vegetable oils more than offset a significant jump in maize quotations, and are now very close to their level of a year ago, according to a report by the Food and Agriculture Organization of the United Nations released today. The […]
