16:50 23-10-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
FAO Food Price Index falls despite climbing dairy prices

Bishkek (AKIpress) - 1bda8c878997107b77bc34f277c65b3d The FAO Food Price Index fell in January for the first time in 3 months as lower prices of cereals, sugars, oils and meat outstripped gains in dairy values.

The Index, based on the prices of a basket of internationally traded food commodities, averaged 203.4 points in January 2014, down 1.3 percent from December and 4.4 percent below January last year.

"We're seeing lower prices due to abundant supplies, but stronger upturn in demand, such as an increase in the pace of imports from Asia, could limit the decline," said FAO economist Abdolreza Abbassian.

Sugar and vegetable oils took downward turns of 5.6 percent and 3.8 percent respectively. Meanwhile, bumper cereal crops helped to bring down cereal prices, which were down 1.6 percent from December and as much as 23 percent lower than in January 2013. Even meat prices, which had strengthened over the past few months, fell slightly in January.

"The only notable exception was a rise in dairy prices. The FAO dairy price index registered a 1.3 percent increase in January to 267.7 points, largely reflecting strong demand, especially from China, North Africa, the Middle East and the Russian Federation, said Michael Griffin, FAO's dairy and livestock market expert.

 


Twitterfacebookprint
10:57 07.02.2014
LATEST NEWS
16:38 Delegation of Tajik ruling party leaves for China16:32 Israel's Netanyahu accuses Abbas over Jerusalem car attack16:29 National Bank of Kyrgyzstan sells biggest sum of dollars in 2014 to support som rate over 17 years16:22 Legislative Chamber of Uzbek Parliament passes public budget for 201516:22 Chinese company starts oil and gas exploration in Leilek district16:19 Kazakhstan to offer caviar baths as luxury tourist attraction16:12 Collection of biometric data to start in regions since next week16:06 Kyrgyzstan needs to import 1 billion kWh of electricity from Kazakhstan to avoid electricity rationing15:56 Kazakhstan’s GDP to grow by 4.8% in 2015 – Minister15:56 Kyrgyzstan receives around $1 billion in investments in 201315:51 Tajik Parliament Speaker, Russian Deputy Prime Minister discuss implementation of reached agreements15:51 Active phase of snow leopard conservation starts in Kyrgyzstan15:41 Investigators detain 4 in Moscow plane crash that killed Total CEO15:32 Afghanistan asks SCO countries to help country's intelligence services in fight against terrorism15:25 Education Ministry approves new schedule of breaks at schools, universities of Kyrgyzstan15:12 Turkmenistan was ready to supply electricity to Kyrgyzstan, but Uzbekistan refused to allow transit of electricity - Minister15:09 Tickets for EXPO-2017 to cost at least 28 euro15:06 Uzbekistan forecasts 8% GDP growth in 201514:57 MPs urge citizens to actively participate in discussions of bills14:33 Authorities step up measures to prevent recruitment of Kyrgyz citizens to fight in Syria
Astana
+8° C
Ashgabat
+22° C
Bishkek
+18° C
Dushanbe
+19° C
Tashkent
+17° C
exchange rates
 
71.14
56.07
9.04
1.37
229.75
180.99
29.59
4.42
6.33
4.99
0.78
0.12
3084.28
2367.40
385.74
61.13
3.62
2.85
0.47
0.07

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75