Economic Indicators

FAO-the index for food declined

2022.12.02 04:27

[ad_1]


FAO-the index for food declined

Budrigannews.com – The world price index published by the Food and Agriculture Organization of the United Nations (FAO) for the entire month in a row, fell to a record high level in November after Russia joined Ukraine.

In the report of the FAO Food and Agricultural Business Association, which tracks the majority of exchange products in the world, the average number of indicators was 135.7 cents for the month, and for October – 135.9 cents, the organization said on Friday.

Previous FAO estimates in October were accurate. According to FAO, the increase in sugar and vegetable oil prices offset the decline in prices for cereals, meat and dairy products in December.

Fears of a war affecting major trade operations on the Black Sea are eased by last month’s agreement, which extended Ukraine’s UN-backed grain exports by 120 days. According to the Organization, the FAO food production index is now only 0.3 higher a year ago, due to a slight decline in November.

FAO has reduced the forecast of global grain production in 2022 from 2,764 billion tons, which were estimated last week, to 2.56 billion tons, based on separate estimates of grain demand and supply. The FAO said that the forecast will be a three-year minimum and will be 2 less than the projected output in 2021.

[ad_2]

FAO-the index for food declined

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 81,947.96 1.72%
ethereum
Ethereum (ETH) $ 1,891.94 1.11%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.25 3.93%
bnb
BNB (BNB) $ 629.79 0.48%
solana
Solana (SOL) $ 122.80 3.34%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.69233 3.90%
dogecoin
Dogecoin (DOGE) $ 0.164674 4.12%
tron
TRON (TRX) $ 0.223423 2.28%
staked-ether
Lido Staked Ether (STETH) $ 1,890.13 1.27%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 81,657.88 1.83%
leo-token
LEO Token (LEO) $ 9.72 0.88%
the-open-network
Toncoin (TON) $ 3.61 4.47%
chainlink
Chainlink (LINK) $ 13.69 0.22%
usds
USDS (USDS) $ 1.00 0.03%
stellar
Stellar (XLM) $ 0.267523 2.96%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,261.46 1.21%
pi-network
Pi Network (PI) $ 1.16 11.92%
hedera-hashgraph
Hedera (HBAR) $ 0.184297 3.56%
avalanche-2
Avalanche (AVAX) $ 18.60 1.01%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 3.52%
sui
Sui (SUI) $ 2.26 1.35%
mantra-dao
MANTRA (OM) $ 6.85 0.95%
litecoin
Litecoin (LTC) $ 88.58 4.95%
bitcoin-cash
Bitcoin Cash (BCH) $ 332.83 1.69%
polkadot
Polkadot (DOT) $ 4.30 1.48%
bitget-token
Bitget Token (BGB) $ 4.57 3.07%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
weth
WETH (WETH) $ 1,891.14 1.15%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998801 0.10%
hyperliquid
Hyperliquid (HYPE) $ 13.32 2.39%
whitebit
WhiteBIT Coin (WBT) $ 28.27 0.66%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,008.10 1.16%
monero
Monero (XMR) $ 206.23 2.71%
uniswap
Uniswap (UNI) $ 6.18 0.15%
susds
sUSDS (SUSDS) $ 1.04 0.15%
aptos
Aptos (APT) $ 5.40 0.37%
dai
Dai (DAI) $ 0.999863 0.03%
near
NEAR Protocol (NEAR) $ 2.55 0.62%
okb
OKB (OKB) $ 50.86 2.79%
pepe
Pepe (PEPE) $ 0.000007 3.61%
internet-computer
Internet Computer (ICP) $ 5.68 3.32%
mantle
Mantle (MNT) $ 0.810458 2.49%
gatechain-token
Gate (GT) $ 21.62 1.23%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.88 1.87%
ethereum-classic
Ethereum Classic (ETC) $ 17.33 3.38%
ondo-finance
Ondo (ONDO) $ 0.821167 3.33%
aave
Aave (AAVE) $ 168.08 1.04%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 81,843.93 1.82%