Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Dairy price surge pushes world food costs for March slightly higher, UN reports

Dairy price surge pushes world food costs for March slightly higher, UN reports

Share this article Share this article
published Published on Apr 12, 2013   modified Modified on Apr 12, 2013
-The United Nations


A sharp surge in the price of dairy products pushed the overall costs of food one percentage point higher in March, the United Nations reported today, while world wheat production remained on track to reach its second highest level ever, barring adverse weather.

Releasing its latest monthly Food Price Index (FPI), the UN Food and Agriculture Organization (FAO) said the dairy component of the index, which carries a 17 per cent weight in the overall calculations, jumped by 22 points to 225, one of the largest recorded changes, due to hot, dry weather in Oceania that has cut into the production of milk and its various by-products.

The dairy prices used in FPI are based on the exports of New Zealand, the world's largest dairy exporter, accounting for about one third of global trade. Export prices for dairy products have also risen for other important exporters, such as the European Union and the United States, but not to the same degree.

"The exceptional increase is in part a reflection of market uncertainty as buyers seek alternative sources of supply," FPI reported. "In addition, dairy output in Europe has yet to come fully online after a particularly cold winter, which has delayed pasture growth to feed dairy animals."

On cereals, FAO's latest Cereal Supply and Demand Brief, reported an overall positive outlook with wheat crops already well advanced and plantings for rice and coarse grains expected to increase in the coming months owing to attractive prices.

"World cereal production in 2013 could recover strongly barring unfavourable weather in major producing regions," it said, maintaining its March outlook that global wheat production this year is expected to increase by 4 per cent to 690 million tonnes, the second highest ever after the 700 million tonnes produced in 2011.

The FAO slightly revised the 2012 crop production estimate upward by nearly 3 million tonnes, which now stands 2 per cent lower than the record set in 2011.

 


The United Nations, 11 April, 2013, http://www.un.org/apps/news/story.asp?NewsID=44624&Cr=food+price&Cr1=#.UWe9RErcing


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close