Saturday, Aug 08, 2020 | Last Update : 03:22 PM IST

136th Day Of Lockdown

Maharashtra49026232728117092 Tamil Nadu2850242275754690 Andhra Pradesh2069601204641842 Karnataka164924842322998 Delhi1427231282324082 Uttar Pradesh113378668341981 West Bengal89666630601954 Telangana7525753239601 Bihar7179446294400 Gujarat68855517922604 Assam5549737225132 Rajasthan4941835186763 Odisha4255028698292 Haryana4005433444467 Madhya Pradesh3729827621962 Kerala3170019147103 Jammu and Kashmir2392716218449 Punjab1901512491462 Jharkhand140705199129 Chhatisgarh10109761369 Uttarakhand8008484795 Goa7075511460 Tripura5520367528 Puducherry4147253758 Manipur301818147 Himachal Pradesh2879171013 Nagaland24056594 Arunachal Pradesh179011053 Chandigarh120671520 Meghalaya9173305 Sikkim7832971 Mizoram5022820
  Business   In Other News  03 Jul 2020  World food prices rise for first time in 2020: UN

World food prices rise for first time in 2020: UN

REUTERS
Published : Jul 3, 2020, 11:01 am IST
Updated : Jul 3, 2020, 11:01 am IST

Amid market uncertainty, prices of vegetable oils, sugar and dairy products rebounded to multi-month highs following sharp declines in May

 World food price index rises in June, first increase in 2020. (AFP Photo)
  World food price index rises in June, first increase in 2020. (AFP Photo)

ROME: World food prices rose in June to post their first increase of 2020 and mark a slight rebound after the sharp falls triggered by the coronavirus pandemic, the United Nations food agency said on Thursday.

The Food and Agriculture Organization (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 93.2 points last month, up 2.4% on May.

 

FAO said it had rebased all its indices, shifting the base period to 2014-16 from a previous 2002-04.

Amid continued market uncertainty, the prices of vegetable oils, sugar and dairy products rebounded to multi-month highs following sharp declines in May, while in the cereals and meat indices, most prices remained under downward pressure.

FAO also revised up its forecast for the 2020 cereal season by some 9.3 million tonnes, foreseeing global output of almost 2.790 billion tonnes — a 3.0% increase on 2019’s record harvest. The bulk of the monthly increase reflected an upward revision to Australia’s wheat production estimates.

Tags: world food prices, coronavirus pandemic, united nations food agency, food price index, food and agriculture organization (fao)