8 October 2015

The Food and Agriculture Organization of the United Nations (FAO) expects food prices to continue on a downward trend and to be less volatile.

In an outlook report released on Thursday, he noted that, after several sharp price rises between 2007 and early 2011, most of the values ​​of cereals and vegetable oils remain down, due in part to high inventories already the strength of the dollar.

Several years of bumper crops of staple grains around the world as well as record-breaking storage volumes have contributed to lower prices for these commodities.

FAO stressed that cheaper food “seems to be a blessing for food security”, as it benefits families who spend a large part of their income to buy these products. However, he also mentioned that the fall in prices reduces the income of farmers.

FAO’s projections for world cereal production for this year put it at 2.534 million tonnes, six million less than it calculated a month ago and 0.9 percent below the record level of 2014. This decline is due to in part to lower corn production in the United States.

8 October 2015

The Food and Agriculture Organization of the United Nations (FAO) expects food prices to continue on a downward trend and to be less volatile.

In an outlook report released on Thursday, he noted that, after several sharp price rises between 2007 and early 2011, most of the values ​​of cereals and vegetable oils remain down, due in part to high inventories already the strength of the dollar.

Several years of bumper crops of staple grains around the world as well as record-breaking storage volumes have contributed to lower prices for these commodities.

FAO stressed that cheaper food “seems to be a blessing for food security”, as it benefits families who spend a large part of their income to buy these products. However, he also mentioned that the fall in prices reduces the income of farmers.

FAO’s projections for world cereal production for this year put it at 2.534 million tonnes, six million less than it calculated a month ago and 0.9 percent below the record level of 2014. This decline is due to in part to lower corn production in the United States.