The U.N.'S Fao Nutrient Cost Index Dipped 1.4% Inwards September

From the United Nations' Food in addition to Agriculture Organization, Oct 4:

FAO Food Price Index downwards inwards September

»The FAO Food Price Index* (FFPI) averaged 165.4 points inwards September 2018, downwards 2.3 points (1.4 Percent) from August in addition to some xiii points (7.4 percent) below its degree inwards the corresponding menstruation final year. Only the saccharide cost index firmed inwards September, whereas the values of the other sub-indices, led past times cereals, dropped from the previous month.

» The FAO Cereal Price Index averaged near 164 points inwards September, a drib of 4.7 points (2.8 percent) from August, exactly yet 12 points (8 percent) inwards a higher identify its September 2017 level. Among the major cereals, the sharpest month-on-month reject concerned maize export quotations, which vicious past times at to the lowest degree 4 per centum from August, generally on expectations of a really large crop inwards the U.S.A. in addition to ample provide prospects globally. Wheat cost quotations, which rose sharply inwards August, every bit good vicious inwards September, mainly on continued strong sales in addition to shipments from the Russian Federation. International rice prices eased for the tertiary successive month, fifty-fifty though an appreciation of the Thai Baht in addition to expectations of sales to the Philippines express the September reject to some i percent.

» The FAO Vegetable Oil Price Index averaged 134.9 points inwards September, downwards 3.2 points (or 2.3 percent) from August. Falling for the 8th calendar month inwards succession, the Index has reached a three-year low. Prices weakened across the vegetable crude sector, amongst palm crude registering the most notable decline. Large inventories held inwards major exporting countries continued to weigh on palm crude values, which recorded a 25 per centum drib compared to the corresponding calendar month of final year. International soy in addition to rapeseed crude quotations every bit good fell, underpinned past times subdued global import demand, spell the arrival of ample new-crop supplies inwards the Black Sea percentage exerted downward trace per unit of measurement area on sunflower crude prices.

» The FAO Dairy Price Index averaged 191.5 points inwards September, downwards 4.7 points (2.4 percent) from the previous month, continuing the downward tendency for the 4th consecutive month. In September, international prices of butter, cheese in addition to Whole Milk Powder (WMP) declined spell those of Skim Milk Powder (SMP) recovered. The potential for much larger export availabilities weighed on international prices of butter, cheese in addition to WMP. However, SMP prices registered some other intermittent recovery inwards September, resulting inwards a 16.2 per centum gain since the source of the year, largely underpinned past times stronger necessitate for freshly manufactured milk powder.

» The FAO Meat Price Index* averaged 166.2 points inwards September, downwards marginally from its revised value for August. International prices of bovine in addition to grunter meat remained generally stable, spell those of ovine meat in addition to poultry rose. International prices of ovine meat increased for the 4th consecutive month, reflecting continued provide limitations from Oceania in addition to strong import necessitate from Asia. Robust necessitate among short-term provide constraints, notably inwards Brazil, every bit good contributed to somewhat firmer poultry prices. However, ample export availabilities inwards Oceania in addition to the U.S.A. kept bovine prices nether downward pressure, spell novel cases of African swine fever in addition to associated import restrictions, weighed on pigmeat values....

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