Food Commodity Prices Fall to Near 6-Year Low

FAO  says the world’s major food commodity prices fell again in May to the lowest level in nearly six years amid a favourable outlook for this year’s harvests

The United Nation’s Food and Agriculture Organisation (FAO) says the world’s major food commodity prices fell again in May to the lowest level in nearly six years amid a favourable outlook for this year’s harvests.
 
In a press statement, FAO states that its food price index averaged 166.8 points in May, down 1.4 percent from April and as much as 20.7 percent from a year earlier.
 
The agency further states that, “FAO has also upgraded its May 2015 forecast for global production of wheat, coarse grains and rice, anticipating bigger maize harvests in China and Mexico as well as more abundant wheat harvests in Africa and North America.”
 
To read the article titled, “Food commodity prices fall in May to near six-year low: FAO,” click here.

Source: 
The Citizen

NGO Services

NGO Services

NGO Events

S M T W T F S
 
 
 
 
1
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
9
 
10
 
11
 
 
 
 
15
 
16
 
17
 
 
19
 
20
 
21
 
22
 
23
 
24
 
25
 
26
 
27
 
28
 
29
 
30
 
31