Food prices stable at world market

Food prices stable at world market

Food prices stable at world market


According to the FAO, despite a fall in the prices of sugar and dairy products, the market was affected by the rise in prices of vegetable oils, up 8 percent on the previous month. This was due to increase of 13 percent in the price of palm oil, following news of a possible decline in production in the near future.
The index of FAO food prices is a weighted calculation based on international trade in five main groups of food commodities: cereals, vegetable oils, dairy products, meat and sugar.
The UN body also published its first forecast for the world wheat harvest in 2016, with a projection of 723 million tons, nearly 10 million less than last year's record.
The main cause is the dry weather, which has caused a reduction in winter planting in Russia and Ukraine. However, it is expected that China and Pakistan will harvest wheat crops in record levels.

اخبار مرتبط

Iran regains Europe’s petchem market

9th Traditional Food Festival

OIC Summit should send signals of unity to world

0 نظر

ارسال نظر