The U.N.'S Fao Nutrient Cost Index Downwards For The 5Th Consecutive Calendar Month Inwards October

From the UN Food in addition to Agriculture Organization:
Release date: 01/11/2018

» The FAO Food Price Index* (FFPI) averaged 163.5 points inwards Oct 2018, downwards 1.4 points (0.9 percent) from September in addition to some thirteen points (7.4 percent) below its degree inwards the corresponding catamenia final year. The Oct spend upward inwards the FFPI was the upshot of falling dairy, meat in addition to oils prices, which to a greater extent than than maiden of all a surge inwards saccharide prices in addition to a to a greater extent than moderate increment inwards the prices of cereals. The Oct FFPI is at its lowest degree since final May. 

» The FAO Cereal Price Index averaged 166.3 points inwards October, mark a rebound of 2.2 points (1.3 percent) from September in addition to representing a 13.6 betoken (8.9 percent) year-on-year increase. Among the major cereals, maize quotations from the United U.S.A. firmed the most, supported past times rigid export sales, patch wheat prices too averaged higher, driven past times a tighter render outlook specially inwards sentiment of deteriorating crop prospects inwards Australia. By contrast, rice prices fell, equally harvest pressure, contest alongside exporters in addition to currency movements weighed on Japonica in addition to fragrant quotations.

» The FAO Vegetable Oil Price Index averaged 132.9 points inwards October, downwards two points (1.5 percent) month-on-month. Falling for the 9th calendar month inwards succession, the index dropped to its lowest degree since Apr 2009. The latest slide was generally driven past times lower toll quotations of palm oil, reflecting persistent pressure level from large inventories held past times major exporting countries amid sluggish global import demand. By contrast, international soy crude prices rebounded slightly, underpinned past times robust require from the biodiesel sector, patch rapeseed crude values were supported past times reduced availabilities inwards the EU. International sunflower crude prices remained virtually unchanged from September.

» The FAO Dairy Price Index averaged 181.8 points inwards October, downwards 9.2 points (4.8 percent) from the previous month, continuing the downward tendency for the 5th consecutive month. Price quotations of all the dairy products represented inwards the index cruel inwards October, plummeting the overall index 15.3 per centum below its value inwards the corresponding calendar month final twelvemonth in addition to 34 per centum below the peak reached inwards Feb 2014. The latest toll weakness reflects the growing bear witness of increased export supplies across all major dairy products, specially from New Zealand.

» The FAO Meat Price Index* averaged 161.6 points inwards October, downwards 3.3 points (2.0 percent) from September in addition to xi points below its value a twelvemonth ago. In October, the prices of all primary meat categories represented inwards the index eased, with ovine meat falling the most, followed past times pigmeat, bovine in addition to poultry meat. After 4 months of continuous strength, ovine meat prices lessened, underpinned past times the availability of novel flavor supplies from Oceania. Import restrictions associated with novel cases of African swine fever, coupled with large export availabilities from the primary producing countries, continued to weigh on pigmeat prices. Bovine meat prices declined for the tertiary consecutive calendar month on continued abundant export supplies, patch the electrical flow marketplace languor weighed on the prices of poultry meat....

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