Fresh risks to food security from high food and agricultural input prices, says FAO

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The global food import bill is on course to hit a new record of US$1.8 trillion this year, but higher prices and transport costs rather than volumes account for the bulk of the expected increase, according to a new report released by the Food and Agriculture Organization of the United Nations (FAO). “Worryingly, many vulnerable countries are […]

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Ukraine war-led spike in prices buoy Q4 performance of ONGC, Oil India

PSU energy majors ONGC and Oil India (OIL) came out with their January-March quarter (Q4) results late last week. Given the excessive volatility through the last quarter and the steady rise in crude and gas prices before that, these were eagerly awaited. Although both companies delivered profitability gains, sequentially (QoQ) and year-on-year (YoY), ONGC disappointed […]

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Vegetable oil and maize pull down global food commodity prices in April – FAO

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World food commodity prices decreased in April after a large jump the previous month, led by modest declines in the prices of vegetable oils and cereals, the Food and Agriculture Organization of the United Nations (FAO) reported today. The FAO Food Price Index averaged 158.5 points in April 2022, down 0.8 percent from the all-time high reached […]

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