20°C / 22°C
  • Sun
  • 29°C
  • 14°C
  • Mon
  • 28°C
  • 16°C
  • Tue
  • 29°C
  • 14°C
  • Wed
  • 30°C
  • 15°C
  • Thu
  • 24°C
  • 15°C
  • Fri
  • 29°C
  • 15°C
  • Sun
  • 18°C
  • 13°C
  • Mon
  • 19°C
  • 12°C
  • Tue
  • 20°C
  • 13°C
  • Wed
  • 21°C
  • 14°C
  • Thu
  • 21°C
  • 14°C
  • Fri
  • 23°C
  • 14°C
  • Sun
  • 32°C
  • 15°C
  • Mon
  • 31°C
  • 17°C
  • Tue
  • 29°C
  • 15°C
  • Wed
  • 30°C
  • 17°C
  • Thu
  • 25°C
  • 16°C
  • Fri
  • 29°C
  • 16°C
  • Sun
  • 32°C
  • 18°C
  • Mon
  • 30°C
  • 15°C
  • Tue
  • 30°C
  • 18°C
  • Wed
  • 32°C
  • 16°C
  • Thu
  • 27°C
  • 16°C
  • Fri
  • 30°C
  • 15°C
  • Sun
  • 23°C
  • 17°C
  • Mon
  • 21°C
  • 17°C
  • Tue
  • 23°C
  • 18°C
  • Wed
  • 22°C
  • 18°C
  • Thu
  • 25°C
  • 18°C
  • Fri
  • 22°C
  • 18°C
  • Sun
  • 19°C
  • 14°C
  • Mon
  • 18°C
  • 12°C
  • Tue
  • 19°C
  • 13°C
  • Wed
  • 19°C
  • 13°C
  • Thu
  • 20°C
  • 11°C
  • Fri
  • 20°C
  • 15°C
  • Sun
  • 21°C
  • 9°C
  • Mon
  • 21°C
  • 7°C
  • Tue
  • 21°C
  • 8°C
  • Wed
  • 27°C
  • 8°C
  • Thu
  • 23°C
  • 9°C
  • Fri
  • 26°C
  • 9°C
  • Sun
  • 16°C
  • 12°C
  • Mon
  • 17°C
  • 11°C
  • Tue
  • 17°C
  • 12°C
  • Wed
  • 21°C
  • 12°C
  • Thu
  • 19°C
  • 12°C
  • Fri
  • 21°C
  • 13°C
  • Sun
  • 32°C
  • 16°C
  • Mon
  • 31°C
  • 18°C
  • Tue
  • 29°C
  • 17°C
  • Wed
  • 32°C
  • 16°C
  • Thu
  • 27°C
  • 17°C
  • Fri
  • 32°C
  • 16°C
  • Sun
  • 30°C
  • 15°C
  • Mon
  • 31°C
  • 12°C
  • Tue
  • 33°C
  • 13°C
  • Wed
  • 34°C
  • 12°C
  • Thu
  • 32°C
  • 16°C
  • Fri
  • 32°C
  • 15°C
  • Sun
  • 30°C
  • 16°C
  • Mon
  • 22°C
  • 17°C
  • Tue
  • 31°C
  • 15°C
  • Wed
  • 26°C
  • 17°C
  • Thu
  • 26°C
  • 16°C
  • Fri
  • 28°C
  • 16°C
  • Sun
  • 18°C
  • 12°C
  • Mon
  • 17°C
  • 10°C
  • Tue
  • 18°C
  • 10°C
  • Wed
  • 19°C
  • 11°C
  • Thu
  • 20°C
  • 10°C
  • Fri
  • 20°C
  • 12°C

World food prices rise in May, cereal output forecast falls - UN FAO

The Food and Agriculture Organisation’s food price index averaged 172.4. points last month against 170.3 points in April - its highest level since last June.

Picture: AFP.

ROME - World food prices rose for a fifth consecutive month in May after bad weather pushed up the prices of cheese and maize, the United Nations food agency said on Thursday.

The Food and Agriculture Organisation (FAO) also warned that a sharp fall in the expected maize crop in the flood-hit United States had dampened its previous forecast of bumper global cereal production in 2019.

FAO’s food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 172.4. points last month against 170.3 points in April - its highest level since last June.

The FAO dairy price index jumped 5.2% from April’s value, nearing a five-year high, with cheese helping to drive up the index thanks to strong global demand for the product as drought in Oceania limited that region’s export prospects.

The FAO cereal price index rose 1.4% because of a sudden surge in maize price quotations after planting of the crop got off to the slowest pace ever recorded in the United States due to widespread flooding and rain.

By contrast, the sugar index fell 3.2% for the month, and the vegetable price index dropped 1.1%.

In its second forecast for 2019, FAO predicted world cereal production would come in at 2.685 billion tonnes, down from its previous forecast of 2.722 billion tonnes but still up 1.2% on 2018 levels, when output declined.

“The year-on-year increase in global cereal production reflects expansions of wheat and barley production, while global rice output is likely to remain close to last year’s record level,” FAO said.

“Worldwide maize output, however, is now seen to fall, with US production expected to shrink by 10% from the previous year amid a much-reduced pace of plantings due to unfavourable weather conditions.”

The UN agency said new estimates for production and utilisation suggested world cereal stocks could decline by as much as 3% in the new season, hitting a four-year low of 830 million tonnes.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus