The slight decline in the FAO Food Price Index by the Food and Agriculture
Organisation (FAO) in August 2017, has ended three months of consecutive
increases, reports NaijaAgroNet.
Despite this, NaijaAgroNet reports that the Index,
a trade-weighted index tracking international market prices for five key
commodity groups remained 6 per cent above its value a year earlier.
NaijaAgroNet
also reports that along with cereals, the FAO Meat Price Index dropped 1.2 per cent
in the month, while the FAO Sugar Price Index slipped by 1.7 per cent was driven
by favourable cane harvest prospects in leading producers Brazil, Thailand and
India, as well as by weaker international demand in the wake of higher tariffs
imposed by China and India.
Isaac Oyimah/ED, Ops
... Linking agrobiz, sustainable environs, people & technology
Pix: FAO Director-General da-Silva
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