Food Price Index
UN: Global food prices are lowest in 30 months
Led by “much weaker” vegetable oil, dairy, and grain prices, the UN Food and Agriculture Organization’s index of global food prices fell to its lowest level since May 2016. The price of vegetable oil dropped to a 12-year low.
FAO food index at lowest level this year
Sharp declines in the dairy and sugar prices, dropping by 6 percent or more in a month, pulled down the monthly Food Price Index to its lowest level this year, said the UN Food and Agriculture Organization. The index, which measures international prices for a basket of commodities, had been rising steadily until June.
FAO food index is highest since November
Propelled by stronger grain and dairy prices, the Food Price Index rose for the second month in a row and is at its highest level since last November, said the UN Food and Agriculture Organization.
World wheat production expected to fall for second year in a row
Europe and Russia are not likely to repeat their bumper wheat harvests of 2017, setting the world on track for the second year in a row of smaller wheat output, said the UN Food and Agriculture Organization.
Ending five-year decline, world food prices climb 8.2 percent in 2017
World food prices are on the rise for the first time since 2011, according to the Food Price Index of the UN Food and Agriculture Organization.
Largest global grain harvest ever keeps prices steady
The bigger-than-expected corn crop in the United States is helping to drive world cereal grain production to a record for the second year in a row, said the UN Food and Agriculture Organization.
World food prices hit 2-1/2-year high
On the rise for the third month in a row, the Food Price Index is now the highest since January 2015, says the UN Food and Agriculture Organization. The latest increase in the index is due to higher prices for cereal grains, sugar and dairy. In early 2015, prices were declining from the peak in 2011, when drought affected global food supplies.
After a respite, world food prices are on par with February 2015
The FAO Food Price Index, based on prices of five groups of commodities - meat, dairy, grains, sugar and vegetable oil - has been on an upward trajectory since the start of 2016. Pushed by higher wheat and dairy prices, the index now has a reading of 175.2, the second time this year that it is on par with prices in February 2015, said the UN agency.
Large supplies will keep a lid on food prices, says FAO report
In August 2015, U.S. district judge Ralph Erickson blocked the Obama administration's Waters of the United States rule from taking effect, the first injunction against the clean water rule. Now the North Dakota judge would be elevated to the U.S. appellate court under a nomination announced by the White House.
Florida investigates Georgia Dock poultry-price formula
Tyson Foods is the second U.S. poultry processor to report contact by the Florida attorney general's office in an investigation of the former Georgia dock pricing system, reports the news site Just Food. The wholesale chicken price index was abandoned last year after reports indicated it set prices higher than other indices, "suggesting there may have been over-inflation at the supermarket prices for chicken," said the site, based in Britain.
Record world corn production forecast despite U.S. retreat
A surge in corn production in Brazil and Argentina will power the world to a record harvest in 2017/18, said the UN Food and Agriculture Organization in forecasting bin-busting output of cereal crops in the upcoming season. "Combined with prospects of relatively weak growth in utilization, another large output is set to keep world cereal stocks at near-record level."
World food prices highest in nearly two years
The FAO Food Price Index surged by 2 percent during January to its highest level in almost two years, fueled by fears of tightening sugar supplies, a downturn in U.S. wheat plantings and uncertain prospects for grain crops in South America. The index fell for five years in a row through 2016 but now has risen for six consecutive months.
Food prices down for fifth year in a row, more uncertainty this year
Bumper 2016 grain harvests were a leading factor in the decline of the global Food Price Index for the fifth year in a row, said the Food and Agriculture Organization. The UN agency was less sanguine about the outlook for this year.
Food-import costs down 11 percent this year, lowest in six years
The world will spend $1.17 trillion on food imports, including freight costs, this year, the smallest figure since 2010 due to low prices for meat, dairy, and grains, said the U.N. Food and Agriculture Organization.
A rare year for food prices — up only 1 percent
U.S. food prices will rise by a marginal 1 percent this year, the second-smallest increase since 1974, and it's all due to lower grocery prices, said a government forecast. Groceries, which are the bulk of food spending, would cost less this year than they did in 2015 — the first taste of price deflation at the supermarket since 1967.
Biggest increase in FAO Food Price Index in four years
Surging grain, sugar, meat and dairy prices worldwide drove up the FAO Food Price Index 4.2 percent, the steepest one-month increase in the index in four years. June was the fifth month in a row for an increase in the index, which tracks the average international price of a basket of food commodities, now at its highest reading since last July.
Global food prices rise for third month in a row
A four-year decline in global food prices has come to an end, says the FAO Food Price Index, which rose by 0.7 percent in April, the third consecutive monthly increase. "April's increase was driven by palm oil prices and, in a minor key, cereals, while sugar prices tapered down after a strong increase in March," said FAO.
Large grain crops worldwide portend stable prices
A UN agency says prices for staple food grains, such as wheat or rice, "appear stable for at least another season" as a result of its forecast of large crops, ample stockpiles and relatively sluggish demand in the months ahead.
Food price index edges upward on fears of disrupted supplies
The FAO index of global commodity prices rose 1.3 percent during July, its second increase since April, reflecting the termination of the Black Sea grain initiative and India's restrictions on rice exports. The increases punctuated a longer-term decline in commodity prices in the past year.