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Thursday, March 05, 2020, 18:01
UN: World food prices dip in February, cereal outlook up
By Reuters
Thursday, March 05, 2020, 18:01 By Reuters

ROME — World food prices slipped in February, ending four months of successive increases, driven by falls in prices for vegetable oils, meat and grains, the United Nations food agency said on Thursday.

FAO also slightly upped its forecast for cereal production, predicting a crop totalling some 2.719 billion tonnes in 2019

The Food and Agriculture Organization (FAO) food priceindex, which measures monthly changes for a basket of cereals,oilseeds, dairy products, meat and sugar, averaged 180.5 points last month, down 1.0 percent on January.

ALSO READ: FAO: World food prices climbed to 5-year high in Dec

FAO also slightly upped its forecast for cereal production, predicting a crop totalling some 2.719 billion tonnes in 2019, up from a previous forecast of 2.715 billion and some 2.3 percent higher than the 2018 crop.

READ MORE: FAO: Global food prices increase for first time in 5 months

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