increase font size
Sharp falls in maize prices led the drop in international prices of coarse grains.
The benchmark for world food commodity prices were broadly stable in November, with lower international cereal quotations offset by higher prices in vegetable oils.
That’s according to the Food and Agriculture Organization of the United Nations (FAO) which released its monthly index on Friday.
The FAO Food Price Index tracks monthly changes in the international prices of a set of globally-traded food commodities.
The FAO Cereal Price Index decreased by 3% from October. International prices of coarse grains dropped 5.6%, led by a sharp fall in maize prices, while those of wheat declined by 2.4% in November.
The Vegetable Oil Price Index, meanwhile, increased by 3.4% from October. International palm oil prices rebounded by more than 6% in November, chiefly underpinned by more active purchases by leading importing countries and seasonally lower outputs in major producing countries.
The FAO Dairy Price Index also saw a rise, up 2.2% from October, led by high import demand for butter and skim milk powder from Northeast Asian buyers, along with increased internal demand ahead of the winter holidays in Western Europe.
The Sugar Price Index rose by 1.4% month on month, averaging in November as much as 41.1% higher than its level in the same month last year, influenced by heightened concerns over global export availabilities amid worsening production prospects in two leading exporting countries, Thailand and India, due to severe dry weather conditions associated with the El Nino event.
The FAO Meat Price Index dipped 0.4% from October, reflecting minor drops in the world prices of poultry, pig and bovine meats, driven mostly by ample exportable supplies.
The benchmark for world food commodity prices increased for the third consecutive month in May, as higher prices of cereals and dairy products outweighed decreases in quotations for sugar and vegetable oils, the Food and Agriculture Organization of the United Nations (FAO) reports.
It’s World Milk Day today (June 1), a time to celebrate the vital role that milk, and dairy products play in our lives and acknowledge the tremendous contributions of the New Zealand dairy sector.
The director-general of the Food and Agriculture Organization of the United Nations (FAO) says the UN has a role to play in leveraging the power of digital technologies.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
The benchmark for world food commodity prices fell further in January, led by decreases in the prices for cereal and meat, says the Food and Agriculture Organization of the United Nations (FAO).
The Meat Industry Association of New Zealand (MIA) today announced that Chief Executive Officer Sirma Karapeeva has resigned from the role.
The winners of the 2026 Hawke’s Bay/Wairarapa Dairy Industry Awards were announced at the annual awards dinner held at Copthorne Solway Park in Masterton on Thursday evening.
Environment Southland is welcoming this week’s decision by the Environmental Protection Authority (EPA) to approve the release of Blaptea elguetai, a leaf‑feeding beetle that will help control the highly invasive Chilean flame creeper.
This March, the potato industry is proudly celebrating International Women’s Day on 8 March alongside the International Year of the Woman Farmer, recognising the vital role women play across every part of the sector — from paddocks and packhouses to research, leadership, and innovation.
Fruit trader Seeka posted a record profit and returns to shareholders in 2025.
Recent weather events in the Bay of Plenty, Gisborne/Tairawhiti, and Canterbury have been declared a medium-scale adverse event.
OPINION: A mate of yours truly reckons rural Manawatu families are the latest to suffer under what he calls the…
OPINION: If old Winston Peters thinks building trade relations with new nations, such as India, isn't a necessary investment in…
