TURKISH AGRI.NEWS

Press release... FAO expects subdued usage to push up cereal stocks in 2019/20 and FAO’s first forecast for wheat markets in 2020/21 points to continued growth in inventories 07 May 2020, Rome - World food commodity prices declined for the third month in a row during April, as the economic and logistical impacts of the COVID-19 pandemic resulted in significant contractions in demand for many commodities. The FAO Food Price Index , which tracks international prices of the most commonly-traded food commodities, averaged 165.5 points in April, some 3.4 percent lower than the previous month and 3 percent lower than April 2019. The FAO Sugar Price Index hit a 13-year low, declining 14.6 percent from March, when it posted an even larger monthly drop. Collapsing international crude oil prices reduced demand for sugarcane to produce ethanol, diverting output to producing sugar and hence expanding export availabilities. Meanwhile, confinement measures in a number of countries spawn...

Press release... 02 April 2020, Rome - World food prices declined sharply in March, driven mostly by demand-side contractions linked to the effects of the COVID-19 pandemic and the drop in global oil prices due mostly to expectations of economic slowdown as governments roll out restrictions designed to respond to the health crisis. The FAO Food Price Index , which tracks monthly changes in the international prices of commonly traded food commodities, averaged 172.2 points during the month, down 4.3 percent from February. "The price drops are largely driven by demand factors, not supply, and the demand factors are influenced by ever-more deteriorating economic prospects," said FAO Senior Economist Abdolreza Abbassian. The FAO Sugar Price Index posted the biggest drop, down 19.1 percent from the previous month. Causes include lower demand from out-of-home consumption linked to the confinement measures imposed by many countries, and lower demand from ethanol producers due t...

Press release... 5 March 2020, Rome - World food prices declined in February for the first time in four months due to a sharp fall in the export prices of vegetable oils, partly driven by fears that the coronavirus ( COVID-19 ) outbreak will slow global demand. The FAO Food Price Index , which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 180.5 points in February, down 1.0 percent from the previous month but still 8.1 percent higher than a year earlier. The FAO Vegetable Oil Index declined 10.3 percent from January, with international palm oil prices falling by even more on account of higher-than-expected output in Malaysia, a temporary drop in India's import demand and concerns over the spread of COVID-19. The FAO Cereal Price Index declined 0.9 percent in February. Wheat prices were lower, reflecting well-supplied markets, while maize prices retreated as demand from the livestock feed sector dipped amid expectations of a wea...

World food prices continue rising in December... FAO Food Price Index hits highest level in five years amid strong biofuel demand for palm oil and sugarcane... 9 January 2020, Rome - World food prices rose for the third consecutive month in December, as a strong rally in vegetable oil prices drove the FAO Food Price Index to its highest level in five years. The FAO Food Price Index averaged 181.7 points during the month, a 2.5 percent increase from November and the highest level since December 2014. For 2019 as a whole, the index - which tracks monthly changes in the international prices of commonly-traded food commodities - averaged 171.5 points, some 1.8 percent higher than in 2018 but still 25 percent below its peak in 2011. The FAO Vegetable Oil Price Index rose 9.4 percent from November, increasing for the sixth consecutive month. The latest upturn was once again driven by palm oil prices, buoyed by both solid demand, especially from the biodiesel sector, and concerns about tigh...

World food prices recorded the 26-month high in November, according to the UN Food and Agriculture Organization (FAO) Thursday. Averaging at 177.2 points last month, the FAO Food Price Index saw a surge of 2.7% or 4.7 points from a month earlier. Significant jumps in the prices of meat products and vegetable oils pushed the overall figure to highest level since September 2017. The FAO Food Price Index is a trade-weighted index that tracks international market prices of five major food commodity groups. The vegetable price index soared 10% month-on-month in November to hit the highest level since May 2018, as palm oil price quotations rose amid robust global import demand. The FAO meat price index saw its largest month-on-month increase in more than a decade, rising 4.6%. "Price quotations for all types of meat represented in the Index firmed, with those of bovine and ovine rising the most, reflecting tight export availabilities against persistent strong import demand...

Though steady on a monthly basis, global food prices in September remained above their level in the same month last year, the UN Food and Agriculture Organization (FAO) said on Thursday. While sugar prices fell sharply, the decline was almost entirely offset by higher prices in vegetable oils and meats, the FAO said. The FAO Food Price Index is a trade-weighted index that tracks international market prices of five major food commodity groups. The cereal price index was shifted little from its August levels, but was lower than in September 2018 by 3.9 percent. According to the agency, wheat prices were firmer amid brisk trade activity, though they remained well below the 11 percent seen during the same period last year, pressured by the overall good supply outlook. "The FAO Sugar Price Index down nearly 3.9 percent from August, the month-on-month decline was largely driven by the expectation of ample sugar stocks due to positive production prospects," it said. Additionally,...

News release... Maize and wheat prices drive FAO Food Price Index down amid upward revisions to global cereal production prospects... 5 September 2019, Rome - Global food prices declined in August, driven by sharp falls in the prices of staple cereals and sugar, according to a report issued today by the Food and Agriculture Organization of the United Nations. The FAO Food Price Index , which tracks monthly changes in the international prices of commonly traded food commodities, averaged 169.8 points in August 2019, down 1.1 percent from July while still up 1.1 percent from its August 2018 level. The FAO Cereal Price Index declined by 6.4 percent from the previous month. Maize values turned sharply lower due to expectations of a much larger than previously anticipated harvest in the United States of America, the world's largest maize producer and exporter. Wheat prices also remained under downward pressure, reflecting ample export availabilities, but those of rice edged up, d...

World food prices slide marginally in July... The overall drop reflects decline in cereals, dairy and sugar prices... A worker putting packaged cheese on the shelf of the cold room in an Armenian cheese factory. 1 August 2019, Rome - Global food commodity prices saw a slight decline in July, led by lower prices for some cereals, dairy and sugar, more than offsetting firmer prices for meat and oils. The FAO's Food Price Index (FPI) - a trade-weighted index that measures prices of five major food commodities on international markets - averaged 170.9 points in July 2019, slipping 1.1 percent below its level in June but up 2.3 percent from a year earlier. The FAO Cereal Price Index dropped by 2.7 percent from June but is 4.1 percent above its level in July last year. The overall decline was mainly driven by a slide in wheat and maize prices, reflecting, among others, ample export supplies. By contrast, the rice index marked its fifth successive month of stability amid generally qu...

Press release... 4 July, 2019 The FAO Food Price Index (FFPI) averaged 173 points in June 2019, down marginally (0.3 percent) from May and very close to its level in June 2018. Lower prices of dairy products and vegetable oils more than offset increases in the prices of cereals, sugar and meat; ending almost five months of uninterrupted rise in the overall value of the FFPI. The FAO Cereal Price Index averaged 173.2 points in June, up 6.7 percent (almost 11 points) from May and 3.8 percent higher than in June 2018. The latest increase in the value of the Index was driven by a sharp rise in maize export price quotations, for the third consecutive month, mainly due to expectations of much tighter export supplies in the United States - the world’s largest producer and exporter of maize. International wheat prices rebounded following two consecutive months of declines, partly due to production uncertainties while spillovers from higher maize values also contributed to the increase...