RSS Add to Favorites عربي
 
Search 
 
   
 
News Details
Zoom In Zoom Out
FAO: Food prices down in December
 
Amman, Jan. 13 (Petra)- Global food prices declined in December, led by sharp decreases for vegetable oils and dairy products, according to the latest FAO Food Price Index.

A statement by FAO, a copy of which was obtained by Petra, indicated that the FAO Dairy Price Index declined 9.7 percent in December, with high export supplies and subdued demand weighing on the international prices of skim and whole milk powders as well as cheese and butter. Still, the subindex was 31.5 percent higher over the whole of 2017 than the previous year.

The FAO Vegetable Oil Price Index declined by 5.6 percent from November, as palm oil prices tumbled amid swelling stocks in Malaysia and Indonesia. That in turn pressured down soy oil quotations. Over 2017, the subindex ran 3 percent higher than the prior year.

The FAO Sugar Price Index also declined, marking a 4.1 percent drop from November due to seasonal factors and expectations of a large surplus in the year ahead. Sugar prices were 11.2 percent lower, on average, in 2017 than in 2016, due largely to a bumper harvest in Brazil, the world's leading producer.

The FAO Cereal Price Index remained broadly stable for the third consecutive month, with international wheat prices weakening while those of maize and rice firming up. The Index was 3.2 percent higher over 2017 than in 2016, while still 37 percent below its 2011 peak.

The FAO Meat Price Index slipped slightly in December, with strong supply pressuring international prices for bovine meat down. For the year, the subindex registered a 9 percent increase from its 2016 level.

//Petra//
13/1/2018 - 11:40:07 AM
 
 
Previous Print Next

Share |

 
 
 
 
 
  Library
 
 
 
 
Our Services
 Useful Links  Jordanian Embassies
Weather   Currency Table
   
   
 
 
 
  
 
 
     
 
Copyrights © 2017. Jordan News Agency (PETRA). All Rights Reserved
Designed & Developed by Primus