Search NaijaAgroNet

Tuesday, November 13, 2012

Global food price index down by 1% in October

Traders at the Oshodi Market, Lagos

The October Food Price Index by the United Nations' Food and Agriculture Organisation recorded a two-point drop, a one per cent drop from September.
The price index for October was at 213 points against 215 points of the previous month.
The Food Price Index made available to NaijaAgroNet showed that the decline is characterised by the reduction in international prices and freight rates, lower cereal purchases which has the capability to push down the world food import bill of the year.
Commenting on the latest price index, FAO Director-General, José Graziano da Silva noted that a set of conditions and measures were put in place to stop international food price from spiraling up as it did in 2007-2008 and 2009-2010.
One of the important measures, da Silva said is the improved international coordination and market transparency by the G20's Agricultural Market Information System (AMIS) which assisted in preventing panic and putting a stop to the worst drought in decades, which is already leading to a food price crises.
"Droughts or floods are not what cause crises, its lack of governance," the FAO boss said, adding that there is a need to strengthen the global governance of food security.
NaijaAgroNet further gathered that the first 10 months of the year experienced food prices on average of 8 per cent lower than the same period in 2011, and food forecast for 2012 was $1.14 trillion, about N179 trillion.


Yinka Awosanya/ED
... Linking agrobiz, people & technology

5 comments:

  1. You have done a great job. I will definitely dig it and personally recommend to my friends. I am confident they will be benefited from this site.jogos friv gratis
    Jogos online
    jogos 4 school

    ReplyDelete
  2. Unfortunately there are just some all-too-common nutrients that we simply don't get enough of. And they're absolutely critical to optimal health and wellness. Especially as we age.
    Here I sifted through the supplements that are available on the market and boiled them down to three that can have the best effect for us.
    kizi 2 unblocked
    games free for kids
    friv kids 2019

    ReplyDelete
  3. We call Buddy our 'oops!' We had no intention of getting a third dog, but after we adopted our second dog, Finn, we kept going back to the organization's website to see how many of the other dogs that were up for adoption were still there
    Jogo para menina
    jogo 360 2019
    io games for school

    ReplyDelete
  4. This is really a good source of information, I will often follow it to know more information and expand my knowledge, I think everyone should know it, thanks
    io jogos 2019
    friv play Games
    a10 games 2019

    ReplyDelete
  5. The gray rat Irving is not doing well. After visits to the vet and some antibiotics the only other course of action for his respiratory infection is a steam nebulizer treatment. Last night I put both rats in a cage and set them in the bathroom while I showered, hoping the hot, moist air would help. It did not.
    kizi 4 girl games
    free game 2019
    friv for school 2019

    ReplyDelete

Share ur views here