Global food prices fell 1.5 percent in November to their lowest level since June, with sugar, oils and cereals seeing the sharpest drops, the UN's Food and Agriculture Organisation said on Thursday. The Rome-based FAO's Food Price Index averaged 211 points, down from 213 in October. The index had risen by 1.4 percent in September. On a 12-month comparison, the index was down three percent. Sugar prices fell mainly due to increased export capacity from Brazil, 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 percent to 274 points, cereals dipped 1.5 percent to 256 points and oils slid 2.6 percent to 200 points. The meat price index inched down just 0.7 percent to 175 points as the sector's profit margins are squeezed by higher feed prices. The dairy index also went down only 0.5 percent to 195 points.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor