Global agricultural food commodity prices fell sharply in July, pulled down by dairy, sugar

Decline in rates of dairy products, sugar and vegetable oil pushed down overall global agricultural food commodity prices in July, the Food and Agriculture Organization (FAO) said in its latest monthly report. The FAO Food Price Index averaged 168.8 points, 3.7 percent below their June level, the biggest monthly drop since late last year. The index had […]

Read more

The FAO price index for May 2018

The FAO Food Price Index averaged 176.2 points in May 2018, up 2.2 points (1.2 percent) from April level and hitting its highest level since October 2017. The increase in May reflected a continued steep rise in dairy price quotations, while those of cereals also rose, albeit at a slower pace. By contrast, vegetable oil and sugar […]

Read more

India’s vegetable oil imports up by 3 percent in March 2018

Almost justifying domestic traders’ clamour to raise import duties further on vegetable oils, India imported 1,146,051 tonnes of vegetable oil, consisting 1,122,685 tonnes of edible oils and 23,366 tonnes of non-edible oils, during March 2018. The import figures rose by 3 per cent against 1,114,325 tonnes in March 2017, the Solvent Extractors’ Association (SEA) of […]

Read more

Dairy and cereals push global food prices up 1.1 percent in February – FAO

IMG-20160521-WA0013-2.jpg

Rising world prices for staple grains and dairy products more than offset lower prices for vegetable oils, leading global food commodity prices up in February, the U.N. Food and Agriculture Organization (FAO) said. The FAO Food Price Index averaged 170.8 points in February, up 1.1 percent from the previous month and now just 2.7 percent below its […]

Read more

Global food prices largely steady, as cheaper sugar and butter offset rising grains and palm oil

The FAO Food Price Index averaged 169.5 points in January, nearly unchanged from the previous month but almost 3 percent below the corresponding period last year, as rising prices for staple grains and palm oil were offset by declining quotations for sugar, butter and cheese. The FAO Cereal Price Index rose almost 2.5 percent from December, as the effect […]

Read more

India resists call for advance notice to WTO on food export restrictions

India has opposed a proposal that requires countries to notify well in advance any restriction they may impose on exports of food products, arguing that the move is not practical and undermines the very intent of imposing export restrictions, the Economic Times newspaper reported. India has at times banned exports of food items to keep […]

Read more

India’s palm oil imports up 20 per cent on festival demand; Malaysia hikes export tax – report

Palm oil purchases by India, the world’s largest importer of the commodity, is expected to rise for an eighth straight month in September as lower international prices prompt traders and refiners to buy more to meet festival demand. Palm oil imports probably rose 20% from a year earlier to 925,000 metric tons in September, according […]

Read more