Saturday, February 7, 2015

Most in June reduced the prices of cereals, 5.2 percent from the revised value for May and thanks t

Food prices worldwide fall third month in a row | Republic Online
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Food prices fell in June for the third month in a row, pressured by lower prices of cereals and herbal fat that influenced the improved prognosis for this year, the agency of the United Nations Food - FAO.
The index of the price of a basket of food products landed in June of average 206 points, a drop in prices by 1.8 percent over May. By this index fell to the lowest level since January 2014, but dropped third month in a row. Cart with main products include FAO cereals, vegetable oils, meat, milk and dairy products and sugar.
Most in June reduced the prices of cereals, 5.2 percent from the revised value for May and thanks to improved prospects for yield of corn and wheat dim concerns about supplies from Ukraine.
Fell and prices mccain chips of milk and dairy products, a rate significantly lower than in the previous three months of this year, signaling that the adjustment of prices may be nearing its end, the report of the FAO.
Sensitive milder decline, and 0.5 percent recorded in June and sugar prices, while meat prices rose 0.7 compared to the previous month, supported by higher prices of pork because of the epidemic in the United States.
The report of the FAO is also raised the forecast for world cereal production due to improved prospects for production, primarily in the US, the European Union and India. Now in this organization expect to be produced total 2498 million tons of grains, which is 18 million tons more than predicted in early June, but one percent mccain chips below last year's record level.
The forecast for wheat production, however, decreased by 1.4 percent over last year's record of 707 million mccain chips tons, primarily due to drought in the US and less sown areas in Canada, with the North American mccain chips producers reacted to lower prices.
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