Quantcast
Other Stories

The sugar price index fell 4.8 per cent to 274 points, cereals dipped 1.5 per cent to 256 points and oils slid 2.6 per cent to 200 points.

07 Dec 2012

GENEVA(Commodity Online): World food prices have fallen to the lowest level since June in November. The slight fall is due to declines in sugar, oils and cereals prices, says Food and Agricultural Organisation (FAO) of United Nations.

FAO index measuring prices of foods from grains and oilseeds to meat and dairy averaged 211 points in November, down 3 points from October as sugar, oils and cereals prices declined. The FAO Food Price Index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar.

Due to increased export capacity from Brazil the Sugar prices fell, while cereal prices dipped because the prospect of export restrictions by Ukraine receded even though there was concern over supply prospects in South America.

The sugar price index fell 4.8 per cent to 274 points, cereals dipped 1.5 per cent to 256 points and oils slid 2.6 per cent to 200 points.

The meat price index inched down just 0.7 per cent to 175 points as the sector's profit margins are squeezed by higher feed prices. The dairy index also went down only 0.5 per cent to 195 points.


YOUR RESPONSE
Click on the image to reload it
Click to reload image
COMMENTS (0)

@2013 COMMODITYONLINE ALL RIGHTS RESERVED