Global food prices rise in May at fastest monthly rate in more than a decade – FAO

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Global food prices rose in May at their fastest monthly rate in more than a decade, even as world cereal production is on course to reach a new record high, the Food and Agriculture Organization of the United Nations (FAO) reported on Thursday.. The FAO Food Price Index averaged 127.1 points in May, 4.8 percent higher than […]

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Retail inflation spikes to 3-yr high; Exports contract marginally; Industrial output contracts

Rising food prices pushed the retail inflation in November 2019 to over three-year high of 5.54 per cent, breaching the Reserve Bank’s medium-term target of 4 per cent, thus justifying the central bank’s decision to keep the benchmark interest rate unchanged in its monetary policy earlier this month. According to the data released by the […]

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Commodities rebound in third quarter; should continue climb in the final quarter: S&P

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A key performance gauge for the commodities sector — the S&P GSCI Index —  logged its first quarterly climb of the year, putting it on track for its second consecutive yearly gain, with energy and metals posting the biggest increases. Some of these sectors should continue their rise in the final quarter. The index, which […]

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FAO food price index rebounds in May

The FAO Food Price Index* (FFPI) averaged 172.6 points in May 2017, up 3.7 points (2.2 percent) from April and nearly 16 points (10 percent) higher than its May 2016 level.  The rebound in the value of the Index followed three months of consecutive declines. With the exception of sugar, all other commodity indices used in […]

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