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of food prices is falling globally

Rocky

Rocky: Admin Assist; Posts : 268420
Join date : 2012-12-21

Post n°1

of food prices is falling globally

by Rocky Fri Sep 08, 2017 3:13 am

[size=32]
of food prices is falling globally[/size]

The world's food prices fell by 1.3 percent in August, compared to July, after rising for three straight months, reflecting the low value of cereals, sugar and meat, the Food and Agriculture Organization (FAO) said on Thursday.

The FAO Food Price Index, which measures monthly changes in a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 176.6 points in August, down 1.3 percent from July.

Despite a monthly drop, food prices in world markets remain 6 percent higher than in August.

FAO raised its global cereal production forecast for the 2017-2018 season to 2,611 billion tonnes, slightly above last year's record cereal production.

According to Reuters, the organization also raised its forecast for world wheat production to 748.8 million tons.

http://www.shafaaq.com/ar/Ar_NewsReader/bb71c011-7c43-469e-92fb-666586197d33

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Established in 2006 as a Community of Reality

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