Cereal prices rose by 5.1% globally last month. Photo: Donal O' Leary
ADVERTISEMENT
The Food and Agriculture Organisation of the United Nations Food (FAO)'s price index is a monthly trade weighted index compiled by tracking international market prices of five food commodity food groups.
The index averaged 179.1 points in July, its highest value since January 2015, marking a 2.3% increase from June 2017 and 10.2% from its level in July 2016.
The FAO dairy price Index gained 3.6% in July, underpinned by stronger prices for butter, cheese and WMP (whole milk powder). Tighter export availabilities pushed butter prices to a new high in July, widening further the spread between butter quotations and other dairy products.
ADVERTISEMENT
The cereal index was up 5.1% in July. The index has been rising consistently over the past three months, supported by firmer wheat and rice quotes.
The sugar index rose by 5.2% but the vegetable Index fell by 1.1%, while the FAO meat Index remained steady in July.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The Food and Agriculture Organisation of the United Nations Food (FAO)'s price index is a monthly trade weighted index compiled by tracking international market prices of five food commodity food groups.
The index averaged 179.1 points in July, its highest value since January 2015, marking a 2.3% increase from June 2017 and 10.2% from its level in July 2016.
The FAO dairy price Index gained 3.6% in July, underpinned by stronger prices for butter, cheese and WMP (whole milk powder). Tighter export availabilities pushed butter prices to a new high in July, widening further the spread between butter quotations and other dairy products.
The cereal index was up 5.1% in July. The index has been rising consistently over the past three months, supported by firmer wheat and rice quotes.
The sugar index rose by 5.2% but the vegetable Index fell by 1.1%, while the FAO meat Index remained steady in July.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS