FOOD PRICES FALL FOR FOURTH CONSECUTIVE MONTH ON CHEAPER CEREALS, OILS – UN AGENCY

From: UNNews <UNNews@un.org>
Date: 5 Sep 2013 12:00:00 -0400
Subject: FOOD PRICES FALL FOR FOURTH CONSECUTIVE MONTH ON CHEAPER
CEREALS, OILS – UN AGENCY
To: news11@ny-mail-p-lb-028.ptc.un.org

FOOD PRICES FALL FOR FOURTH CONSECUTIVE MONTH ON CHEAPER CEREALS, OILS
– UN AGENCYNew York, Sep 5 2013 12:00PMGlobal food prices dropped to
their lowest levels since June 2012 driven by continued declines in
prices of cereals and oils, the United Nations Food and Agriculture
Organization (FAO) reported today, while also forecasting a bumper
harvest for this fall.

FAO's Food Price Index – which measures monthly changes in
international prices of a basket of meat, dairy, cereals, oils and
fats, and sugar – dropped nearly four points to 201.8 last month, down
5.1 per cent from August of last year.

The FAO Cereal Price Index averaged 210.9 points, down 16.4 points
from July and 49.4 points from August 2012.

The drop in grain prices "reflects expectations for strong growth in
world cereal production this year and, especially, a sharp recovery in
maize," the FAO
<"http://www.fao.org/news/story/en/item/195887/icode/">said in
reference to corn.

Global production of maize is forecast to rise to 983 million tonnes.
The bulk of that figure originating in the United States where maize
production is expected to reach 343 million tonnes this year, some 25
per cent higher than the 2012 drought-reduced level.

Higher maize crops are officially reported in Argentina and improved
prospects in the European Union and Ukraine.

Meanwhile, coarse grain output is predicted to expand 10.5 per cent to
1,285 million tonnes, while the wheat to a 7.6 per cent rise to 710
million tonnes.

World rice production is set to increase by 1.3 per cent, reaching a
new high of 497 million tonnes, in milled equivalent.

The boosts have led to a revised forecast of overall world cereal
production upwards 14 million tonnes to 2,492 million tonnes,
according to a separate FAO report. This would be 179 million tonnes
higher than in 2012 and a new record.

The Rome-based agency said that based on the latest forecasts, total
use of cereals for direct human consumption is set to expand by 1.2
per cent to 1, 094 million tones.

The FAO Oils/Fats Price Index averaged 185.5 points in August, 5.7
points below the July value and the third consecutive monthly decline.

Dairy prices, FAO noted, averaged 239.1 points in August, 2.8 points
more than in July and 37 per cent above its level in August last year.
Prices rose last month for all dairy products in the Index except
butter due to export supply limits in major trading countries.

The FAO Meat Price Index averaged 175.0 points in August, an increase
of 2.2 points.Sep 5 2013 12:00PM
________________
For more details go to UN News Centre at http://www.un.org/news

Follow us on Facebook (http://www.facebook.com/UN.News.Centre) and
Twitter (http://twitter.com/UN_News_Centre)

To change your profile or unsubscribe go to: http://www.un.org/apps/news/email/


--
President of The United States
Guy Ralph Perea Sr President of The United States
Weatherdata1046am0426 a Discussion Group of
Weatherdata<http://groups.google.com/group/weatherdata1046am0426>
USFMSC
http://www.cityfreq.com/ca/avalon/>
QUALIFY QICP
OCCUPS
http://www.occupationalinfo.org/02/025062010.html
goldlandabstracts; link check
own search engine - The United
States International Policies
http://lnk.ms/8d5gl aol
http://groups.google.com/group/united-states-of-american
http://twitter.com/ptusss Federal Communication
Commission<http://columbiabroadcast.spaces.live.com/>

Ambassador Chevy Chase; Kevin Corcran; Jack Nickolas; Cher; Shirley Temple
Black; Liza Minnille; Ansari; Ernest Tascoe; Food, Drug and Cosmetic Act
Agent Jodie Foster; Department of Veterans Affairs Director George H.W. Bush
Title 22 USCS section 1928 (b) The e-mail
transmission may contain legally privileged information that
is intended only for the individual or entity recipient, you are hereby,
notified that any disclosure, copying, distribution, or reliance upon the
contents of this E-mail is strictly prohibited. If you have received this
E-mail transmission in error, please reply to the sender, so arrangements
can be made for proper delivery. Title 42
USCS section 192 etseq Margie Paxton Chief of Childrens Bureau
Director of The United States Department of Human Services; Defendant
Article IV General Provisions Section 2
(Supreme Law of The Land) The Constitution of The United States "Any thing
in The Constitution or Laws of any State to the Contrary Notwithstanding"
Contrary to Law (of an act or omission) illegal;
https://twitter.com/ptusss