FAO: global food prices up in February March 6, 2014 - 13:47 AMT PanARMENIAN.Net - Global food prices rose in February in the sharpest climb since mid-2012, the United Nations food agency said on Thursday, March 6, due to higher prices in all commodity groups except meat, according to Reuters. The Food and Agriculture Organization’s (FAO) price index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 208.1 points in February, up 5.2 points from a slightly revised January index of 202.9. FAO said the strongest rises were in sugar, up 6.2 percent, and oils, up 4.9 percent. FAO raised its global cereals output forecast to a record 2.515 billion tones, up 13 million tonnes from its previous forecast. It raised its estimate of world cereal stocks at end-2014 season slightly to 578.5 million tonnes. Its first world wheat output forecast for 2014 was 704 million tonnes, a drop of 1.7 percent from the 2013 record harvest, but which would still be the second largest crop ever, FAO said. Related links:   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
