2019-12-28 Xinhua
ROME, Dec. 5 (Xinhua) -- World food prices climbed 2.7 percent in November compared to the previous month, pushed higher by sharp rises in meat and vegetable oil prices, according to information released Thursday by the United Nations Food and Agriculture Organization (FAO).
The rise was part of an up-and-down year for the FAO index, which saw prices rise for the first five months of the year, then fall for three consecutive months, before rising for the next three months. The overall index is now 9.5 percent higher than at the same point in 2018.
Prices for grains and cereals -- the most significant component in the index -- slipped a modest 1.2 percent in November, as wheat prices fell due to fierce competition from exporters and rice prices were lower due to low demand. Corn prices, meanwhile, were little changed compared to October.
Dairy prices were mostly unchanged in November, and sugar prices rose 1.8 percent due to reports that worldwide sugar use this year and next could outstrip supply.
But the biggest mover was the sub-index for vegetable oil, which shot up 10.4 percent to its highest level in 18 months. FAO said prices for palm oil, soy, rapeseed, and sunflower all rose on the back of climbing demand.
Meat prices rose 4.8 percent as demand for beef and lamb rose based on rising demand, most notably from China.
The monthly FAO Food Price Index is based on worldwide prices for 23 food commodity categories covering prices for 73 different products compared to a baseline year.
Thursday's index is the last that will be released this year. The next index is scheduled for release on Jan. 9, 2020.
feline felon has paw printed and mugshots taken after scratching police officers
chinese warship ploughs into own coast guard chasing phillippine vessel
putin red-faced after new russian navy boat sinks during final building work
three tourists killed by 'sea mines' washing up on packed ukrainian beach
The Secrets of Stocks By Dr. Jitendra Bahadur,A Wall Street veteran returns home to empower India’s retail investors
WALLX First Halving to Lanch on August 20, Marking the Full Start of Phase Two — From Ten Million Consensus to a Global Mental Health Value Revolution
©copyright 2009-2020 Singapore Info Map