Global grain production is weak

According to the UN Food and Agriculture Organization’s (FAO) flash report, the world’s lowest cereal yield of the last three years will be harvested that will lead to a drop in stocks and rising prices. There is a bad market for milk and sugar, but demand for pig meat has increased – agrarszektor.hu wrote.

The FAO’s cumulative food price index was stagnated in August after the prices of cereals jumped and the prices of vegetable oils and sugar declined. The August monthly average of the food price index published today became 167.6 points, 5.4 percent lower than last year’s. (agrarszektor.hu)