The Un Nutrient Too Agricultural Organization's Nutrient Cost Index For April, 2018

From the FAO, May 3:

FAO Food Price Index

The FAO Food Price Index is a stair out of the monthly modify inward international prices of a handbasket of nutrient commodities. It consists of the average of v commodity grouping cost indices, weighted with the average export shares of each of the groups for 2002-2004. For to a greater extent than detailed data (in all languages) delight run across the special feature article of the Nov 2013 trial of the Food Outlook. An expanded version of the article, which contains to a greater extent than technical background is available inward English linguistic communication only.

Monthly unloose dates for 2018: xi January, 1 February, 1 March, 5 April, iii May, vii June, 5 July, ii August, half dozen September, 4 October, 1 November, half dozen December.

The FAO Food Price Index steady, piece carbohydrate values downward sharply

Release date: 03/05/2018

» The FAO Food Price Index* (FFPI) averaged 173.5 points inward Apr 2018, nearly unchanged from March but upward 2.7 pct from the corresponding menstruation terminal year. While the prices of most cereals together with dairy products continued to increment inward April, carbohydrate prices cruel further. Vegetable crude oil together with essence markets too remained nether downward pressure.

» The FAO Cereal Price Index averaged 168.5 points inward April, 1.7 pct (2.8 points) higher than inward March together with only about 15.4 pct to a higher identify its value inward Apr 2017. The Index has followed an upward tendency for the quaternary consecutive month, with prices of wheat, coarse grains together with rice all gaining momentum inward recent months. In the illustration of wheat, weather-related risks, particularly inward the United States, together with robust merchandise provided back upward to prices, piece expectations of lower plantings inward the United States, on the backdrop of drought-reduced production inward Argentina, continued to force upward international maize prices. Rice prices, on the other hand, increased, next a fresh circular of populace purchases past times Republic of Indonesia together with the launch of a nation import tender past times the Philippines.

The FAO Vegetable Oil Price Index averaged 154.6 points inward April, entailing a 1.4 pct fall, month-on-month, which mainly reflects developments inward the markets of palm, soy together with sunflower oils. International cost quotations of palm crude oil (the crude oil carrying the highest weight inward the index) declined on slowing need growth together with prospective seasonal production gains inward Southeast Asia. Meanwhile, soy crude oil values weakened further, reflecting persistently rigid crushing levels with substitution producers. Conversely, sunflower crude oil prices firmed, fueled past times expectations of tightening global export supplies.

» The FAO Dairy Price Index averaged 204.1 points inward April, upward 6.7 points (3.4 percent) from March, representing the tertiary successive calendar month of increase. With this latest rise, the index is over xi pct to a higher identify its grade inward the corresponding calendar month terminal year. The upward cost tendency reflects robust import need for all milk products, combined with marketplace position apprehensions regarding export availabilities inward New Zealand next a bigger than anticipated turn down inward its milk output.

» The FAO Meat Price Index averaged 169 points inward April, downward 1.6 points (0.9 percent) from a slightly revised value for March. At this level, the index is close equal to its value inward Apr 2017. During the month, bovine together with pigmeat prices decreased slightly, piece those of ovine together with poultry essence remained stable. Larger exports from the Americas underpinned the decrease inward bovine essence prices, piece slackened import need caused pigmeat prices to ease.... 

...MUCH MORE