The Un's Fao Nutrient Cost Index Rises For The Instant Consecutive Month

From the United Nations Food as well as Agricultural Organization, Apr 5:
Release date: 05/04/2018

» The FAO Food Price Index* (FFPI) averaged 172.8 points inwards March 2018, upwards 1.1 per centum (1.8 points) from February, marker the minute calendar month of consecutive increase. At this level, the FFPI stood at 0.7 per centum to a higher identify its value of the corresponding calendar month concluding year. As inwards February, the month-on-month increment inwards March was driven primarily past times stronger international prices of cereals as well as dairy; whereas the prices of carbohydrate as well as vegetable oils roughshod farther as well as those of meat rose slightly.

» The FAO Cereal Price Index averaged 165.6 points inwards March, 2.7 per centum (4.3 points) higher than inwards Feb as well as equally much equally 12.1 per centum to a higher identify its value inwards March 2017. The Index has been climbing continuously inwards recent months, reflecting firmer international prices of nearly all major cereals.  In recent weeks, weather condition concerns, inwards detail prolonged dryness inwards the United U.S. as well as mutual coldness moisture conditions inwards parts of Europe, lifted wheat cost quotations. However, the increment inwards maize prices proved fifty-fifty to a greater extent than pronounced, supported past times deteriorating crop prospects, peculiarly inwards Argentina, equally good equally continued robust globe demand. Asian purchases kept international rice prices also mostly firm.

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» The FAO Dairy Price Index averaged 197.4 points inwards March, upwards 6.2 points (3.3 percent) from Feb as well as slightly to a higher identify its grade inwards the corresponding catamenia concluding year. During the month, international cost quotations for butter, Whole Milk Powder (WMP) as well as cheese rose, spell those of SMP declined, reversing the gains recorded inwards the 2 preceding months. Lower than anticipated milk production inwards New Zealand as well as continued potent global import require led to higher butter, cheese as well as WMP prices, spell continued pressure level from global stocks as well as higher production pushed downwards SMP prices.

» The FAO Meat Price Index averaged 169.8 points inwards March, well-nigh unchanged from February. At this level, the index is three per centum to a higher identify the corresponding calendar month concluding twelvemonth exactly all the same well-nigh twenty per centum below the peak reached inwards August 2014. Across the diverse meat categories that establish the index, cost quotations for ovine meat increased, squealer meat gained slightly, poultry meat remained stable, spell those for bovine meat eased. Strong import demand, peculiarly past times China, strengthened ovine meat prices. Somewhat tight supplies inwards Europe underpinned a small-scale increment inwards pigmeat prices, spell subdued require as well as expectations for supplies from New Zealand to increment inwards the coming months weighed on bovine meat values....

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As tin hold out seen on the accompanying graphic the index could hold out headline-making inwards a twosome months (over on the left, inwards red):