World Food Prices Up 8.2% In 2017: UN
Mohammad Ali (@ChaudhryMAli88) Published January 12, 2018 | 01:00 PM
Global food prices rose by 8.2 percent in 2017 compared to 2016, the UN's food agency said on Friday
Paris, (UrduPoint / Pakistan Point News - 12th Jan, 2018 ) :Global food prices rose by 8.2 percent in 2017 compared to 2016, the UN's food agency said on Friday. The Food and Agriculture Organization said that its FAO Food Price Index averaged 174.6 points in 2017, the highest annual average since 2014.
In December alone, however, the index -- a measure of the monthly change in international prices of a basket of food commodities -- stood at 169.8 points, down 3.3 percent from November, the FAO said in a statement.
The month-on-month decline was "led by sharp decreases for vegetable oils and dairy products," it said.
Nevertheless, across the whole of the year, the prices of all categories of foodstuffs, except sugar, rose.
The subindex for dairy products rose the fastest, climbing by 31.5 percent year-on-year. The price index for vegetable oils rose by three percent, cereal prices were up by 3.2 percent and meat prices climbed by nine percent from 2016 levels.
Sugar prices, by contrast, declined by an average 11.2 percent in 2017 from 2016, "due largely to a bumper harvest in Brazil, the world's leading producer," the FAO explained.
Related Topics
Recent Stories
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
Turkey's Freedom Flotilla ready to set sail for Gaza
French teen dies from heart failure after knife attack near school
Iranians appear unfazed by Isfahan blasts
UAF celebrates Int'l Chinese Language Day
More Stories From Business
-
Pakistan aims to agree outline of new IMF loan in May - Finance Minister
8 hours ago -
FTO commends FBR's role for prompt resolution of tax payers’ issues
8 hours ago -
BISP embraces E-procurement: launches inaugural tender
10 hours ago -
Business community indebted to Ahsan Zafar for his unprecedented services: Yousuf Rajput
10 hours ago -
China auto sector steps up Europe push with Spain plant
10 hours ago -
Condolence reference held in memory of FBR's officials
11 hours ago
-
Health activists ring alarm bells over 10-stick cigarette pack
11 hours ago -
Karachi receives maiden direct flight of Azerbaijan Airlines from Baku
11 hours ago -
PSX turns bullish, gains 619 points
12 hours ago -
Rupee bounces back; gains 13 paisa against dollar
11 hours ago -
Partners join hands for alternate use of marble, granite slury
11 hours ago -
Tokyo's Nikkei index tumbles 3% in morning trade
14 hours ago