Global food prices even up to 8 months after the first drop of oil, such as the sharpest
Rome, April 7 (by reporter Wang Yun and) the United Nations FAO announced on 7th, after 8 months in a row after prices, global food prices in March fell for the first time this year, FAO believed that currently assert turning point in global food prices are still too early.
released by FAO data show that in March this year the global food price index average 230, than down February, but still 37% higher than in March last year.
in February of this year average FAO food price index reached 236, that since 1990 the FAO started to appear in monitoring food prices, the highest value.
the disaggregated data show that in March of this year oil and sugar international prices drop the most, followed by grains. Dairy products and meat prices in March this year are still rising.
Director of the FAO trade and markets Division said in Harlem, March prices dropped temporarily slowed the continued upward pressure on food prices before, but now assert turning point in global food prices is still too early.
Hallam said, global food stocks are low, the Middle East and North Africa situation on oil prices and the impact of Japan earthquake caused damage and other factors have brought many uncertainties to the next few months, leading to food price fluctuations may occur in the months ahead.
FAO said 2010, global cereal production declining, and 2010/11 per cent of total global cereal use is expected to record. Although many signs indicating that 2011 global cereal production will increase, but projected growth may not be enough and in complete inventory again, in such a situation, grain prices will continue to remain firm in the two thousand eleven-twelveths period.
