FAO: food prices on five-year low
International prices for agricultural commodities continued to decline in April and abundant inventories are poised to offset any pressure from the slight reduction in global harvests expected this year.
Worldwide cereal production will likely decline by 1.5 percent from last year's record-breaking output, mainly due to reduced acreage planted with maize , but the impact will be cushioned by “exceptionally high” levels of existing stocks, according to the latest forecasts in FAO's biannual Food Outlook report published today. (MTI)
Related news
Cocoa, coffee and tea prices raise global food import bill for richer countries
The global food import bill is expected to increase by…
Read more >The rise in food prices has fallen, and no significant increase in prices is expected until the end of the year
In the past two years, consumers in Hungary experienced a…
Read more >KSH: in October, consumer prices increased by 3.2 percent on average compared to the same month of the previous year
In October 2024, consumer prices were on average 3.2 percent…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >