December 2018

Page 1

FOODANDBEVERAGE MATRIX RNI No: MAHENG/2018/75095

MONTHLY NEWSPAPER FOR F&B INDUSTRY Volume 1 / Issue 10 / Mumbai / December 2018 / Pages 20 / INR Rs 50/-

NOVEMBER COMMODITY PRICES FALL, LED BY DECLINE IN PALM, VEG OIL PRICES

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lobally traded food commodity prices declined in November, led by marked drops for palm oil and other vegetable oils. This was stated by the Food and Agriculture Organization (FAO) of the United Nations (UN). The FAO Food Price Index averaged 160.8 points for the month of November, down 1.3 per cent from October and 8.5 per cent from a year earlier. The index, an indicator of the monthly change in international prices of a basket of food commodities, is now at its lowest level since May 2016. The FAO Vegetable Oil Price Index hit a 12-year low, declining 5.7 per cent from October. Large palm oil inventories and abundant supplies of soy and sunflower oils fuelled the decline. The FAO Cereal Price Index, covering wheat, coarse grains and rice, dropped 1.1 per cent during the month, reflecting large export supplies of wheat, intensified export competition for maize and new crop arrivals of rice. The FAO Dairy Price Index declined for the sixth consecutive month, falling 3.3 per cent Contined to page no 8


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