The U.N.. Fao Nutrient Cost Index Cruel Inward July. Sharpest Monthly Driblet Since December 2017

After briefly hitting its highest (for the calendar month of June anyway) degree inwards 3 years.

From the United Nations' Food in addition to Agricultural Organization:

» The FAO Food Price Index* (FFPI) averaged 168.8 points inwards July 2018, downwards every bit much every bit 6.5 points (3.7 percent) from June in addition to 10.3 points (3.7 percent) from the corresponding catamenia terminal year. The July autumn marked the offset pregnant month-on-month reject inwards the value of the FFPI since Dec 2017, reflecting notable drops inwards the values of all sub-indices.

» The FAO Cereal Price Index averaged 160.9 points inwards July, downwards nearly 6 points (3.6 percent) from June in addition to too 1.3 points (0.8 percent) below its degree inwards the corresponding catamenia terminal year. The reject inwards July was driven yesteryear weaker export quotations for wheat, maize in addition to rice. International wheat prices were by in addition to large weaker during the offset one-half of the month, but concerns over production prospects inwards the European Union in addition to the Russian Federation started to force export values higher towards the destination of the month. In coarse grains markets, maize prices remained nether full general downward pressure, largely on weak postulate in addition to expert production prospects inwards the United States. However, like to wheat markets, maize values made enterprise gains towards the destination of the month, on atmospheric condition worries in addition to a faster stride inwards export sales. International rice prices too fell, pressured yesteryear fragile postulate for Indica in addition to fragrant varieties every bit good every bit currency movements inwards only about leading exporters.

» The FAO Vegetable Oil Price Index averaged 141.9 points inwards July, downwards 4.2 points (or 2.9 percent) from June, marker a 6th consecutive autumn in addition to a two-and-a-half twelvemonth low. The latest slide mostly reflects weakening values of palm fossil oil in addition to soy oil. International palm fossil oil prices cruel farther nether the influence of sluggish export demand, ample stocks held yesteryear leading producing countries, in addition to expectations of higher production inwards the coming weeks. As for soy oil, the fresh driblet inwards prices was largely driven yesteryear spill-over weakness from the soybean marketplace in addition to persistently high crushing rates inwards the United States, supported yesteryear attractive shell margins. On the other hand, rapeseed fossil oil values trended upward, underpinned yesteryear improved postulate from biodiesel producers in addition to negative crop prospects inwards the EU.

» The FAO Meat Price Index averaged 170.7 points inwards July, downwards 3.3 points (1.9 percent) from its revised value for June. The June upward revision primarily reflects a sudden ascent inwards bovine meat prices from Brazil, caused yesteryear a reject inwards exports next logistical problems due the prolonged truck drivers’ strike. In July, the Index shed few points, inwards business office due to a gradual normalization of meat exports from Brazil. Overall, toll quotations for bovine meat fell, field those of grunter in addition to poultry meat too weakened. However, ovine meat prices increased marginally on potent import demand, peculiarly from PRC in addition to the United States....

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