World food prices continue to fall in March: UN FAO
[ROME] Global food prices fell in March as supplies for most commodities, including cereals and meat, remained robust, the United Nations food agency said on Thursday.
The UN Food and Agriculture Organization's (FAO) price index, which measures monthly changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 173.8 points in March, 2.6 points below its reading in February.
The FAO raised its forecast for world cereal production in 2015 to 2.544 billion tonnes, 2 million tonnes above the February forecast of 2.542 billion tonnes.
Cereal stocks at the end of the 2014-15 season are now forecast to reach 645.3 million tonnes, up from a previous reading of 630.5 million tonnes.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Spotify sued over alleged unpaid royalties
Under Armour forecasts downbeat annual sales and profit, shares slump
J&J to acquire Proteologix for US$850 million
Watches of Switzerland sees used watch sales double
Consumer groups accuse Temu of manipulating online shoppers
OUE Healthcare proposes sale of mixed commercial site for RM125 million