A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Saturday, February 24, 2024

Global food prices down after 3 months: FAO

Global food prices down after 3 months: FAO
Global food prices down after 3 months: FAO

(Rome) – Global food prices declined for the first time in three months as lower prices for cereals, sugars, oils and meat outstripped gains in dairy products, the UN’s Food and Agriculture Organisation (FAO) reported. The Rome-based agency said its food price index averaged 203.4 points in January, which is 1.3 percent below December and 4.4 percent below January 2013.
The index measures monthly changes in international prices of a basket of meat, dairy, cereals, oils and fats, and sugar.
“We’re seeing lower prices due to abundant supplies, but stronger upturn in demand, such as an increase in the pace of imports from Asia, could limit the decline,” said FAO economist Abdolreza Abbassian.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.

RELATED ARTICLES

UAE & Turkmenistan expand Economic ties

Turkmenistan's Berdimuhamedow urges UAE collaboration in gas field development....

Crown Prince Appreciates the World Governments Summit Team

The Crown Prince Appreciates the valuable efforts of the...

WTO Promotes Consensus

The final World Trade Organization General Council meeting before...

UK and Azerbaijan celebrate growing bilateral relations

UK PM Rishi Sunak congratulated President Ilham Aliyev on...

World Government Summit brings Global leaders to Dubai

The pre-summit day of the World Governments Summit (WGS)...

HH Shiekh Mohammed bin Rashid Meets Youth

Sheikh Mohammed bin Rashid Al Maktoum met with Arab...

Shiekh Hamdan Bin Zayed Honors Environmental Achievers

His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s...

Princess Kate shares a Message after meeting HM the King

Prince William and Kate Middleton share a Children's Mental...

HM King of Sweden to visit Europe

King Frederik X of Denmark and Queen Mary will...