21:51 25-07-2014
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
17:30 Technical losses in energy sector make 16.1%17:25 Kyrgyz Agriculture Ministry plans to sign memo with Chinese company on drip irrigation17:25 Industrialists consider coalbed methane production in Kazakhstan17:20 Kyrgyz parliamentarians discuss opening of French visa bureau, project on promotion of rule of law in Paris17:14 KazAtomProm net profit grows 3-fold by H1 201417:12 Children of border guards from Central Asia, Russia to spend their holidays at Issyk-Kul17:06 China probes food businesses; Hong Kong bans imports in meat safety scare17:03 Special task force officers acquitted of all charges at April 7, 2010 trial16:55 Transport Ministry's State Secretary detained on corruption charges16:55 S&P warns Kazakh credit risk 'extremely high’ on banks16:51 Kyrgyzstan imports 72.5 mln kWh of electricity from Tajikistan YTD16:45 Vietnamese woman arrested for stealing Kazakh ambassador's bag16:41 Armenia expected to join Eurasian Economic Union in January 2015, Armenian PM says16:36 WFP concludes reforestation project providing jobs to 3,500 food-insecure people in Kyrgyzstan16:26 ICT enterprises of Uzbekistan provide services worth $840.4 mln in January-June16:23 Ashgabat hosts Turkmen-Slovenian business forum16:19 False phone bomb threat report disrupts work of Economy Ministry in Bishkek16:15 Kazakhstan to support World Breastfeeding Week16:05 Uzbekistan produces 2.4 mln tons of vegetables in H1 201415:53 Ambassador of Tajikistan, leadership of VSK Insurance House discuss cooperation
Astana
+22° C
Ashgabat
+36° C
Bishkek
+30° C
Dushanbe
+30° C
Tashkent
+34° C
exchange rates
 
69.89
51.83
8.36
1.48
247.42
183.52
29.63
5.24
6.68
4.96
0.80
0.14
3172.31
2328.16
375.17
66.21
3.84
2.85
0.46
0.08

© 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