Food price index up 2 percent: FAO

by Meat&Poultry Staff
Share This:

ROME – The FAO Food Price Index advanced 4 points, or 2 percent, from December to January, the agency said.

Prices for all commodities increased with oils registering the biggest gains, followed by cereals, sugar, dairy prices and meat. The FAO Meat Price Index averaged 179 points, half a percent (1 point) above its December value, the agency said. Prices of various meat types were mixed, with pig meat up 2.8 percent on expectations of strong imports by China. Poultry prices retreated by one percent.

This is the first increase in the index since July 11. However, at 214 points the index is 7 percent lower compared to January 2011.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Meat and Poultry News do not reflect those of Meat and Poultry News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.