▲ Up
 
06:39 21-02-2017
MAIN АКИpress CA-News
About us On-line subscription
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
FAO Food Price Index falls despite climbing dairy prices
10:57, 07 February 2014, 596

AKIPRESS.COM - 1bda8c878997107b77bc34f277c65b3d The FAO Food Price Index fell in January for the first time in 3 months as lower prices of cereals, sugars, oils and meat outstripped gains in dairy values.

The Index, based on the prices of a basket of internationally traded food commodities, averaged 203.4 points in January 2014, down 1.3 percent from December and 4.4 percent below January last year.

"We're seeing lower prices due to abundant supplies, but stronger upturn in demand, such as an increase in the pace of imports from Asia, could limit the decline," said FAO economist Abdolreza Abbassian.

Sugar and vegetable oils took downward turns of 5.6 percent and 3.8 percent respectively. Meanwhile, bumper cereal crops helped to bring down cereal prices, which were down 1.6 percent from December and as much as 23 percent lower than in January 2013. Even meat prices, which had strengthened over the past few months, fell slightly in January.

"The only notable exception was a rise in dairy prices. The FAO dairy price index registered a 1.3 percent increase in January to 267.7 points, largely reflecting strong demand, especially from China, North Africa, the Middle East and the Russian Federation, said Michael Griffin, FAO's dairy and livestock market expert.

 


Twitterfacebookprint
LATEST NEWS
20:18 Astana wants Bishkek to clarify Atambayev's comments on 'human casualties during 1.5-month blockade of Kazakhstan' during 2010 turmoil19:02 South Sudan declares famine in Unity State17:54 Pakistan says airstrikes have killed 'dozens' of militants17:37 Interstate Aviation Committee analyzed weather condition at the time of Boeing 747 crash17:24 Russia, Kazakhstan sign joint plan of actions17:00 Preparation for OIC Summit on Science and Technology discussed in Astana16:59 Kim Jong-nam killing: Malaysia recalls envoy from North Korea16:52 U.S. сitizen wanted in Uzbekistan for alleged terrorism detained in Georgia16:50 Kazakhstan wins first medal at 2017 Asian Winter Games in Japan16:38 President Atambayev orders to assist to families of those died in avalanches16:35 Kazakhstan heads Security Council Committee on Somalia and Eritrea16:22 French team takes victory over Kyrgyztanis in horseball tournament in Toktogul16:13 Bank system net profit totales 893.2 million som in 201615:48 Kyrgyz-Turkish Friendship Hospital to be handed over to Ministry of Health — Turkish Ambassador15:32 Kyrgyz Ambassador to Egypt presents credentials15:28 President Berdymuhamedov gifts his book to military15:22 Kyrgyzstan, Czech Republic discuss organization of 1st Kyrgyz-Czech commission for trade and economic cooperation15:21 Kyrgyz-Indian military drills kick off in Osh15:12 Kyrgyzstan, Qatari FMs interested in organization of high level visits15:03 China's oil giant CNPC signs US$1.77b Abu Dhabi deal
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75