FAO Food Price Index Ends Year with Sharp Decline
January 20, 2012| |
The Food and Agriculture Organization has released the December 2011 Food Price Index. At the year's close, the Food Price Index dropped at 2.4 percent or five points from November, and was 11.3 percent below its peak in February 2011. Even in this scenario, FAO Senior Grains Economist Abdolreza Abbassian commented that it was difficult to make any prediction on price trends for the coming months.
Cereal prices have registered the biggest fall due to record crops and an improved supply outlook. Record also showed that maize prices fell 6 percent, wheat 4 percent and rice 3 percent. The Oils and Fats Price Index was down 3 percent from November and below the level last year due to larger overall supplies. The Meat Price Index declined due to the 2.2 decline in pig meat.
Details of food price index of some other commodities can be read in the news release at http://www.fao.org/news/story/en/item/119775/icode/.
| |
Biotech Updates is a weekly newsletter of ISAAA, a not-for-profit organization. It is distributed for free to over 22,000 subscribers worldwide to inform them about the key developments in biosciences, especially in biotechnology. Your support will help us in our mission to feed the world with knowledge. You can help by donating as little as $10.
-
See more articles:
-
News from Around the World
- CGIAR Launches Two Research Programs on Global Food System
- FAO-EC Project to Promote Climate-Smart Farming
- FAO Food Price Index Ends Year with Sharp Decline
- New Seed Varieties Approved in Tanzania
- Scientists Tweak Photosynthesis for Better Biofuel
- PBL Awarded Pioneering US Patent on RNAi
- New Tool for Cleaning Up Soils and Waterways: Prickly Pear
- Joint US/Japan Project for Better Biofuels
- Weed Suppressing Wheat Put to Test in WA Trials
- Effective Stress Tolerance Through Biotech, Says Bangladesh Food Minister
- Intelligence and Emotions Influence Acceptability of GMO
- Nourishing Gene in Plants for Improvement of Seed Productivity
- Spanish Farmers Continues to Plant GM Corn in 2012
- Research Project Aims to Make the Potato Plant as Energy Fit
- Breeding Better Grasses for Food and Fuel
- French High Council of Biotechnology Confirms Threshold of 0.1% Adventitious Presence Impractical
- Plants: Heritable Disease Resistance
-
Research Highlights
- Bt Maize Line Have No Effect on Endophyte Communities
- Blast Resistance Gene Pi54 Activates Complex Defense Action in Rice
- Effect of Biotech Soybean Planted Field on Succeeding Crops
-
Beyond Crop Biotech
- Blood Parasite's Genome Decoded
- New Computational Technique for DNA sequencing
- Genes Influence Intelligence Maintenance
- Shangool and Mangool Soon to Help Hemophilia Patients
-
Announcements
- Indian Seed Congress 2012
- 16th International Symposium of the International Society for Tropical Root Crops
- Applications Sought for Borlaug International Agricultural S &T Fellowship Program 2012
-
Read the latest: - Biotech Updates (April 24, 2024)
- Gene Editing Supplement (April 24, 2024)
- Gene Drive Supplement (February 22, 2023)
-
Subscribe to BU: - Share
- Tweet