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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    FAO issues a report on food commodity prices last month

    Rocky
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    FAO issues a report on food commodity prices last month Empty FAO issues a report on food commodity prices last month

    Post by Rocky Sat 09 Mar 2024, 5:08 am

    FAO issues a report on food commodity prices last month

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    Economy News - follow up
    Today, Saturday, the Food and Agriculture Organization of the United Nations (FAO) indicated a new decline in the average global basic food commodity price index last February by 13.8 points, equivalent to 10.5%, compared to the same month in 2023, driven mainly by a decline in global grain prices.
    The organization stated in its monthly report that the FAO “benchmark” index for the average prices of the most traded food commodities fell last February to 117.3 points, 0.9 basis points lower, equivalent to 0.7 percent, than its level of decline in the previous January.
    She explained that the monthly decline in the (general index of the five main commodities) during last February was the result of a decline in the sub-indices of grain prices and vegetable oil prices, which slightly offset the increase in the price indices of sugar, meat, and dairy products.
    At the monthly sub-level, the FAO Cereal Price Index decreased last February to 113.8 points, which is 6.1 points, equivalent to 5 percent, lower than the previous month, and 32.9 points, equivalent to 22.4 percent, lower than its level in February 2023, with international prices for all major cereals from One month to the next.
    The vegetable oil price index also fell to 120.9 points, 1.6 points lower, equivalent to 1.3 percent, last February than the previous month, and 15 points lower, equivalent to 11 percent, than its level in February of last year.
    On the other hand, sugar price indices rose last February to 140.8 points, an increase of 4.4 points, equivalent to 3.2 percent, and meat prices to 112.4 points, an increase of two points, equivalent to 1.8 percent, reversing the trend of decline over seven consecutive months, and prices of dairy products to 120 points, an increase of 3. 1 point is equivalent to 1.1 percent.
    The FAO Food Price Index monitors the movement of commercial transactions in global food markets by measuring the average prices of five main food commodities: grains, meat, dairy, vegetable oils and sugar.


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