International food prices rise for 11th straight month in April, says FAO

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International food commodity prices rose for the 11th consecutive month in April, with sugar leading the increase and cereals resuming their upward trend, the Food and Agriculture Organization of the United Nations (FAO) said on Thursday. The FAO Food Price Index averaged 120.9 points in April, 1.7 percent higher than March and 30.8 percent higher than its level […]

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Rising food prices temporary, will be normal soon: DEA Secretary

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The current trend of increases food prices, particularly vegetables like onions and potatoes is  a temporary phenomenon, Economic Affairs Secretary Tarun Bajaj said. However, arrival of new crops and measures by the government to improve supply of essential commodities will soon put a stop to the skyrocketing prices, he added. Some commodities like onion, potatoes […]

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Another bad week for commodities as Coronavirus continues to batter economies

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Fitch Ratings warned of a deep global recession in 2020, saying the speed with which the coronavirus pandemic is evolving has necessitated another round of huge cuts to its GDP forecasts. Last week, the International Monetary Fund Managing Director Kristalina Georgieva said that the global economy had entered recession, and this week the US Federal […]

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Food commodity prices fall for fifth year in a row in 2016

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Prices of major food commodities declined for the fifth year in a row in 2016, averaging 161.6 points for the year as a whole, some 1.5 percent below their 2015 levels, the U.N. food agency said in its latest report. Bumper harvests and prospects for staple cereals offset upward pressure on FAO’s Food Price Index from tropical […]

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Robust demand, milestone reform sustain India’s growth momentum – ADB

India’s economy will remain on a strong growth path this fiscal year and next, aided by implementation of key structural reforms, robust consumer demand, and higher agricultural output driven by a good monsoon, said a new Asian Development Bank (ADB) study. In an update of its flagship annual economic publication, Asian Development Outlook 2016, ADB forecasts FY2016 (year […]

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Global food prices rise to 15-month high; grains down, but dairy and others rise

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Staple food prices rose to a 15-month high in August even as grain prices fell and the outlook for global cereal production improved, the U.N. food agency said in its latest monthly report. The FAO Food Price Index averaged 165.6 points in August, up 1.9 percent from July and almost 7 percent from a year earlier. […]

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