Monthly Fao Nutrient Toll Index - Sideways

From the UN Food too Agriculture Organization, September 6:

Release date: 06/09/2018
The FAO Food Price Index remains steady

The FAO Food Price Index* (FFPI) averaged 167.6 points inwards August 2018, virtually unchanged from its revised gauge for July only downwards 9.6 points (5.4 percent) from its seat inwards the corresponding menstruum terminal year. While cereals and, to a lesser extent, meat values were firmer inwards August, the values of the other sub-indices, namely sugar, vegetable oils too dairy products, dropped.

» The FAO Cereal Price Index averaged 168.4 points inwards August, representing a rebound of 6.5 points (4.0 percent) over July too of fifteen points (10 percent) from August 2017. Wheat prices rose the most, past times over 8 pct month-on-month, largely on tighter export availabilities inwards persuasion of deteriorating crop prospects, peculiarly inwards the European Union too the Russian Federation. International maize quotations every bit good firmed, upwards past times to a greater extent than than three pct from July, influenced past times a slower stride inwards sales past times Argentine Republic too Brazil every bit good every bit the tumble over from ascension wheat values. By contrast, international rice prices eased, with efforts to attract buyers too costless infinite for novel crop arrivals.

» The FAO Vegetable Oil Price Index averaged 138.2 points inwards August, downwards 3.7 points (2.6 percent) from July too hitting the lowest monthly average inwards 35 months. The drib inwards August was mainly driven past times falling values of palm, soy too sunflower oils. International palm crude oil cost quotations declined for the 5th consecutive calendar month on persistently weak global import take away too the accompanying accumulation of inventories inwards major producing countries. Lower quotations of soy crude oil to a greater extent than frequently than non reflected rigid crushing activities inwards the USA too Brazil, piece the favourable crop outlooks inwards the Black Sea percentage underpinned the fresh autumn inwards sunflower crude oil prices.

» The FAO Dairy Price Index averaged 196.2 points inwards August, downwards nearly three points (1.5 percent) from the previous month, mark the 3rd consecutive calendar month of decline. Price quotations of butter, Skim Milk Powder (SMP) too Whole Milk Powder (WMP) brutal for the minute successive month, piece those of cheese rebounded marginally from the dip inwards July. The recent cost tendency reflects express marketplace put activities, non odd for this menstruum of the year, every bit good every bit marketplace put doubt surrounding the eventual size of export availabilities. While milk production increase could hold upwards adversely affected inwards parts of Europe too Commonwealth of Australia due to droughts, New Zealand is expected to create to a greater extent than milk inwards the 2018/19 flavor than had been projected earlier....

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