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FAO: Food prices held steady in

08 June 20183 min reading

FAO food price index for the month of April revealed price stability for the fourth consecutive month this year. The report showed that price Index averaged 173.5 points in April 2018, nearly unchanged from March, but up 2.7% from the corresponding period last year

16 August 2016, Hissar, Tajikistan - Rice is displayed for a sale at an indoor market.FAO project GCP/TAJ/013/EC: Strengthening Institutions and Capacity of the Ministry of Agriculture and State Veterinary Inspection Service for Policy Formulation. Objectives: Enhance the capacities of the Government to implement the Agrarian Reform and support the development of the agriculture and rural sector with specific focus on the formulation and implementation of inclusive and effective agriculture and food security policy processes. Improve platforms and institutions supportive to private public parnership in sector of provision of veterinary services. 16 August 2016, Hissar, Tajikistan - Rice is displayed for a sale at an indoor market. FAO project GCP/TAJ/013/EC: Strengthening Institutions and Capacity of the Ministry of Agriculture and State Veterinary Inspection Service for Policy Formulation. Objectives: Enhance the capacities of the Government to implement the Agrarian Reform and support the development of the agriculture and rural sector with specific focus on the formulation and implementation of inclusive and effective agriculture and food security policy processes. Improve platforms and institutions supportive to private public parnership in sector of provision of veterinary services.

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The Food and Agriculture Organisation (FAO) Food Price Index remained broadly steady in April, averaging 173.5 points for the month, a tiny notch up from March and 2.7 percent higher than in the same month last year. The FAO Food Price Index is a measure of the monthly change in international prices of a basket of food commodities. Prices of cereals and dairy products continued their recent rising trend, while those of sugar continued their decline. FAO also released its first forecasts for the 2018/19 marketing season, predicting a decline in global cereal output and reserves, both of which have been at or near record highs. Early prospects for global cereal markets in the year ahead are favourable, despite a forecasted decline, according to FAO’s new Cereal Supply and Demand Brief. Global cereal crops output this year is expected to fall to 2 607 million tonnes, about 1.6 percent below the near-record harvest last year. The decline is mostly due to an anticipated contraction in maize production, especially in the United States. Lower wheat output is mostly associated with an expected decline in the Russian Federation after an exceptional outcome the year earlier. Meanwhile, FAO tentatively forecasts world rice production to increase by 1.3 percent to reach 510.6 million tonnes, setting a new record high, due primarily to expanded cultivations in Asia. As for cereal utilisation, FAO’s new forecast – both food and feed – also points to an all-time high of 2 626 million tonnes. That reflects a projected 1.0 percent increase in world rice utilisation, a 0.8 percent expansion in global wheat utilsation and a 0.4 percent rise in total utilisation of coarse grains, of which maize feed use is expected to increase by as much as 2.8 percent to a new high of 615 million tonnes. The largest year-on-year increase in the feed use of maize is envisaged in China and South America.
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