Global food commodity prices rose in June, the first time this year on rebound in vegetable oil, sugar and dairy – FAO

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In June, global food commodity prices rose for the first time since the beginning of the year driven by a rebound in vegetable oils, sugar and dairy quotations, the UN food agency said in its latest monthly report. However, in the cereals and meat markets, most prices remained under downward pressure amid market uncertainties posed […]

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Australia says pandemic presents challenges, but agri outlook depends on recovery from drought

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While the COVID-19 pandemic will continue to present challenges, the outlook for Australia’s agriculture will be dominated by recovery from drought, according to ABARES’ June Agriculture Commodities report. ABARES’ acting Executive Director Peter Gooday said that better seasonal conditions are expected to see the value of farm production increase modestly to $61 billion in 2020–21, […]

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Uncertain future awaits global food markets in 2020/21 because of COVID-19, says FAO

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Food markets will face many more months of uncertainty due to COVID-19, but the agri-food sector is likely to show more resilience to the pandemic crisis than other sectors, according to a new report released today by the Food and Agriculture Organization of the United Nations (FAO). The Food Outlook report provides the first forecasts for production and market […]

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Global commodity food prices fall for fourth straight month on weak demand as economies shrink due to pandemic

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Global commodity food prices fell for the fourth consecutive month in May, as supplies appear strong and demand weakens due to economic contractions triggered by the COVID-19 pandemic, the Food and Agriculture Organization (FAO) of the United Nations reported today. The FAO Food Price Index, which tracks international prices of the most commonly-traded food commodities, averaged 162.5 points […]

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Global food commodity prices drop further in April due to coronavirus, says FAO

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World food commodity prices declined for the third month in a row during April, as the economic and logistical impacts of the COVID-19 pandemic resulted in significant contractions in demand for many commodities, the UN food agency said in its latest monthly report. The FAO Food Price Index, which tracks international prices of the most commonly-traded food commodities, […]

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Weakening demand, falling oil prices on COVID-19 drive down global food prices in March – FAO

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World food prices declined sharply in March, driven mostly by demand-side contractions linked to the effects of the COVID-19 pandemic and the drop in global oil prices due mostly to expectations of economic slowdown as governments roll out restrictions designed to respond to the health crisis, the UN food agency said in its latest monthly report. The FAO […]

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