-FAO Prices of cereals and oils decrease - FAO expects bumper cereal harvest this year Rome: The FAO Food Price Index dropped for the fourth month in a row in August reaching its lowest level since June 2012. The index, which measures the monthly change in the international prices of a basket of food commodities, averaged 201.8 points in August 2013, nearly 4 points (1.9 percent) below its July value and 11 points...
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Food prices fall for third consecutive month–UN agency
-The United Nations Global food prices declined for the third consecutive month, largely driven by lower international prices for grains, soy and palm oil, while sugar, meat and dairy prices were also down, the United Nations Food and Agriculture Organization (FAO) reported today. The Rome-based agency said its Food Price Index averaged 205.9 points in July, which is 4 points below June and 7 points lower than in July 2012. The Index measures...
More »Food subsidy poses fiscal threat, may not help poor: World Bank
-The Times of India NEW DELHI: Prices of globally traded food declined for the third consecutive quarter since their historical peak in August, 2012, a World Bank report has said but cautioned that uncertain weather conditions and domestic policy decisions such as extension food subsidy programmes in India and other countries need a close watch. Prices of all the three main food categories declined between February and June, 2013. Prices of grains...
More »Indians spending less on food, says national survey -Vibha Varshney
-Down to Earth Total consumer expenditure on processed foods, beverages, and refreshments level has increased Indians are eating badly; and the trend is getting worse each year. Data from the 68th round of the National Sample Survey (NSS) shows that the share of food in total expenditure has reduced both in rural and urban areas. This is despite the fact that food is getting progressively more expensive. Spending more on unhealthy foods Amongst the...
More »Food prices rise for second month, strong cereal crop forecast for 2013–UN agency
-The United Nations World food prices rose for a second straight month, the United Nations Food and Agriculture Organization (FAO) today said, while global production of coarse grains could set a new record this year with strong growth also projected for global wheat and rice production. FAO's Food Price Index - which measures monthly changes in international prices of a basket of meat, dairy, cereals, oils and Fats, and sugar - rose...
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