Archive for November 8th, 2015

08/11/2015

Major Food Commodity Prices Increase, Spurred by Adverse Weather

Human Wrongs Watch

Rome, 6 November 2015 (FAO) Major food commodity prices rose in October, spurred by weather-driven concerns about sugar and palm oil supplies.

Women sitting on sacks of rice and maize in Wajir, Kenya. | FAO

Women sitting on sacks of rice and maize in Wajir, Kenya. | FAO

The FAO Food Price Index averaged nearly 162 points in October, up 3.9 percent from September, while still down 16 percent from a year earlier.

FAO’s latest Cereal Supply and Demand Brief slightly trimmed its October 2015 forecast for global cereal production and now projects production at 2.53 billion tonnes, 1.1 percent below last year’s record output.

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