Southern Crop

Southern Crop

FAO Food Price Index Average Increase from July

The FAO Food Price Index, a “… trade-weighted index tracking international market prices for five key commodity groups: major cereals, vegetable oils, dairy, meat and sugar, … averaged 165.6 points in August, up 1.9 percent from July and almost 7 percent from a year earlier. The monthly jump was mostly driven by cheese and palm oil quotations, while those for wheat, maize and rice all fell … FAO raised considerably its world cereal production forecast for 2016 to 2 566 million tonnes, up 22 million tonnes from July projections. FAO’s Cereal Supply and Demand Brief … attributed the increase primarily to anticipation of a record global wheat harvest this year and a large upward revision to this year’s maize crop in the United States of America … The FAO Dairy Price Index rose 8.6 percent during the month … The FAO Vegetable Oil Price Index rose 7.4 percent during the month … The FAO Sugar Price Index, now at its highest level in almost six years, rose 2.5 percent from July and is now as much as 75 percent above its year-ago level … The FAO Meat Price Index was broadly stable, rising 0.3 percent from July even as bovine meat quotations declined … Reflecting cereal grain crop trends and prospects, the FAO Cereal Price Index declined by 3.0 percent from July and is 7.4 percent below its August 2015 level …”

 

Web site: The September 8, 2016 FAO News Article is posted at
http://www.fao.org/news/story/en/item/431766/icode/

The September 8, 2016 FAO Food Price Index is posted at
http://www.fao.org/worldfoodsituation/foodpricesindex/en/

The September 8, 2016 FAO Cereal Supply and Demand Brief is posted at
http://www.fao.org/worldfoodsituation/csdb/en/

The FAO Food Price Monitoring and Analysis website is available at
http://www.fao.org/giews/food-prices/en/

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