Welcome To Website IAS

Hot news
Achievement

Independence Award

- First Rank - Second Rank - Third Rank

Labour Award

- First Rank - Second Rank -Third Rank

National Award

 - Study on food stuff for animal(2005)

 - Study on rice breeding for export and domestic consumption(2005)

VIFOTEC Award

- Hybrid Maize by Single Cross V2002 (2003)

- Tomato Grafting to Manage Ralstonia Disease(2005)

- Cassava variety KM140(2010)

Centres
Website links
Vietnamese calendar
Library
Visitors summary
 Curently online :  10
 Total visitors :  7481158

Adverse weather pushes food prices up in October
Monday, 2015/11/09 | 08:46:05

Concerns over sugar and palm oil supply are behind the increase, grain prices also firmed

 

Women sitting on sacks of rice and maize in Wajir, Kenya.

 

FAO 5 November 2015, Rome - Major food commodity prices rose in October, spurred by weather-driven concerns about sugar and palm oil supplies.

 

The FAO Food Price Index averaged nearly 162 points in October, up 3.9 percent from September, while still down 16 percent from a year earlier.

 

FAO's latest Cereal Supply and Demand Brief slightly trimmed its October 2015 forecast for global cereal production and now projects production at 2.53 billion tonnes, 1.1 percent below last year's record output.

 

Half of the forecast cut reflected dimmer expectations about maize crops in India and Ukraine, mostly due to adverse weather. Drought in Thailand prompted a reduction in the seasonal rice harvest projection.

 

At the same time, the forecast for global wheat production has been raised, largely reflecting a bigger harvest in the European Union than earlier anticipated.

 

World cereal stocks are expected to remain at a comfortable level, with global wheat inventories rising further, reaching their highest level in 15 years.

 

Drought and rain trigger a sugar high

 

FAO's Sugar Price Index led the overall rise, surging 17.2 percent from September, amid fears that excessive rains in the main growing regions in Brazil would impact the sugarcane harvest and also reports of drought in India and Thailand. The sharp jump reversed the sub-index's decline since February.

 

Intensifying concerns that El Niño may hamper next year's palm oil supply in Indonesia, coupled with slow progress in soybean plantings in Brazil, due also to unfavourable weather, spurred a 6.2 increase in the FAO Vegetable Oil Price Index.

 

The Dairy Price Index rose 9.4 percent from September on concerns that milk output in New Zealand would decline. The Meat Price Index was stable.

 

The Cereal Price Index also rose, albeit by a modest 1.7 percent, pushed up in part by growing concerns over dry weather conditions affecting wheat crops in Ukraine and southern parts of the Russian Federation.

 

The FAO Food Price Index is a trade-weighted index that tracks prices on international markets of five major food commodity groups: cereals, meat, dairy products, vegetable oils and sugar.

Back      Print      View: 591

[ Other News ]___________________________________________________
  • Beyond genes: Protein atlas scores nitrogen fixing duet
  • 2016 Borlaug CAST Communication Award Goes to Dr. Kevin Folta
  • FAO and NEPAD team up to boost rural youth employment in Benin, Cameroon, Malawi and Niger
  • Timely seed distributions in Ethiopia boost crop yields, strengthen communities’ resilience
  • Parliaments must work together in the final stretch against hunger
  • Empowering women farmers in the polder communities of Bangladesh
  • Depression: let’s talk
  • As APEC Concludes, CIP’s Food Security and Climate Smart Agriculture on Full Display
  • CIAT directly engages with the European Cocoa Industry
  • Breeding tool plays a key role in program planning
  • FAO: Transform Agriculture to Address Global Challenges
  • Uganda Holds Banana Research Training for African Scientists and Biotechnology Regulators
  • US Congress Ratifies Historic Global Food Security Treaty
  • Fruit Fly`s Genetic Code Revealed
  • Seminar at EU Parliament Tackles GM Crops Concerns
  • JICA and IRRI ignites a “seed revolution” for African and Asian farmers
  • OsABCG26 Vital in Anther Cuticle and Pollen Exine Formation in Rice
  • Akira Tanaka, IRRI’s first physiologist, passes away
  • WHO calls for immediate safe evacuation of the sick and wounded from conflict areas
  • Farmer Field School in Tonga continues to break new ground in the Pacific for training young farmers

 

Designed & Powered by WEBSO CO.,LTD