Rome, The United Nations' Food and Agriculture Organization (FAO)'s global food price index stabilized in June 2024, as declines in grain prices offset increases in vegetable oils, sugar, and dairy products. The average index for food prices tracked by FAO stood at 120.6 points in June 2023, unchanged from May. The May reading was adjusted from an initial 120.4 points. Before June 2023, FAO's index had risen for three consecutive months after reaching its lowest level in three years in February, after a decline in food prices from an unprecedented peak recorded in March 2022, following the Russian military operation in Ukraine, as Russia and Ukraine are the most important exporters of crops. The reading for June last year decreased by 2.5 percent compared to the previous year, which is 24.8 percent lower than the peak in 2022. In a separate report, FAO raised its forecast for global grain production in 2024 by roughly 7.9 million tons (an increase of 0.3 percent), reaching 2.854 billion tons. This slight increase over 2023 levels marks the highest forecast ever recorded. Source: Qatar News Agency
Related Posts
CBB Treasury Bills fully subscribed
Manama, This week’s BD 70 million issue of Government Treasury Bills has been Fully Subscribed by 100%.
The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain….
QSE Index Drops 5.88 Points at Start of Trading
Doha: The general index of Qatar Stock Exchange (QSE) dropped 5.88 points, or 0.06%, at the beginning of trading on Tuesday, reaching 10,000 points, compared to last closing.
QSE general index was weighed down by a decline in five sectors: Insurance …
UAE Ambassador meets Argentine Minister of Economy, Productive Development and Agriculture
His Excellency Saeed Abdullah Al Qamzi, UAE Ambassador to the Argentine Republic, met with His Excellency Sergio Massa, Argentine Minister…