Tuesday, March 2, 2021
  • Home
  • News
  • Agribusiness
  • Markets
  • Machinery
  • Technology
  • Livestock
  • Poultry
  • Fisheries
  • Fruits
  • Climate Change
No Result
View All Result
No Result
View All Result
No Result
View All Result

Global food prices slide marginally in July

Mthokozisi by Mthokozisi
August 13, 2019
in Agribusiness, Featured, Markets
0

A trade-weighted index that measures prices of five major food commodities on international markets – averaged 170.9 points in July 2019, slipping 1.1% below its level in June but up 2.3% from a year earlier. Global food commodity prices saw a slight decline in July, led by lower prices for some cereals, dairy, and sugar, more than offsetting firmer prices for meat and oils.

The cereal price index dropped by 2.7% from June but is 4.1% above its level in July last year. The overall decline was mainly driven by a slide in wheat and maize prices, reflecting, among others, ample export supplies. By contrast, the rice index marked its fifth successive month of stability amid generally quiet market activity.

The vegetable oil price index rose by 0.8% in July led by firmer soy and sunflower oil prices that balanced out a further drop in palm oil values. The decline of the latter was largely driven by a continued seasonal surge in crop production in Southeast Asia combined with sluggish global import demand. The meat price index posted a 0.6% increase from its slightly revised value for June, marking its sixth month-on-month price increase. Ovine and bovine meat prices rose further in July, boosted by robust import demand from Asia and weakening supplies from Oceania due to a seasonal decline. On the other hand, prices for pigmeat dropped slightly after four months of continued increases, reflecting larger export availabilities from Brazil and the United States. The dairy price index declined by 2.9% from June, representing the second consecutive monthly drop, led by a decline in butter quotations followed by cheese and whole milk powder. The sugar price index declined by 0.6% from June 2019, mainly driven by expectations of higher sugarcane yields in India, the world’s largest sugar producer. The decline in world prices was partially contained by a strengthening of the Brazilian Real against the US Dollar, a move that tends to restrain exports from Brazil, the world’s largest sugar exporter.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related

Previous Post

AB InBev, BanQu to empower Africa farmers with blockchain technology

Next Post

Cutting chicken imports could spark large increases for consumers' accounts

Mthokozisi

Mthokozisi

Related Posts

RAISIN PRODUCTION LEADER OSMAN AKÇA A.Ş. IS THE FIRST  IN TURKEY TO OWN THE NEW TOMRA 5C SORTING MACHINE
Agribusiness

RAISIN PRODUCTION LEADER OSMAN AKÇA A.Ş. IS THE FIRST IN TURKEY TO OWN THE NEW TOMRA 5C SORTING MACHINE

by Mthokozisi
March 2, 2021
0

Since starting in the 1970s, Osman Akça A.Ş. has continually expanded the volumes handled by its raisin processing business. Since...

Read more
PERRY OPENS NEW OFFICE & TRAINING FACILITY IN UGANDA

PERRY OPENS NEW OFFICE & TRAINING FACILITY IN UGANDA

February 9, 2021
VIRTO GROUP once again chooses TOMRA and renews the equipment at its main plant with eleven Nimbus BSI+ sorters

VIRTO GROUP once again chooses TOMRA and renews the equipment at its main plant with eleven Nimbus BSI+ sorters

January 13, 2021
SKF South Africa secures local agri customer’s aftermarket business for combine header gathering chain

SKF South Africa secures local agri customer’s aftermarket business for combine header gathering chain

January 13, 2021
Massey Ferguson MF 8S.265 Dyna E-Power Exclusive wins Tractor of the Year 2021

Massey Ferguson MF 8S.265 Dyna E-Power Exclusive wins Tractor of the Year 2021

January 6, 2021
VALTRA G SERIES WINS TRACTOR OF THE YEAR 2021 BEST UTILITY AWARD

VALTRA G SERIES WINS TRACTOR OF THE YEAR 2021 BEST UTILITY AWARD

January 6, 2021
Next Post

Cutting chicken imports could spark large increases for consumers' accounts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Download Our latest Issue

Like Us On Facebook

Facebook Pagelike Widget

Follow Us on Twitter

Tweets by @@Agribiz_SADC

RSS MORE NEWS

  • FAO organized a workshop in Ouagadougou “AgrInvest - Enabling inclusive and efficient private sector investments in the Burkinabè agri-food systems”
    Download logoThe AgrInvest initiative of FAO aims at attracting private investments into agri-food systems aligned with the SDGs by leveraging public funds. Under AgrInvest, FAO is implementing the project “AgrInvest-Food Systems ” (AgrInvest-FS) to foster sustainable investments in agri-food systems in Burkina Faso, Ethiopia, Kenya, and Niger, which contribute to sustainable economic growth and boost rural […]
  • The African Development Bank: a strategic partner in developing resilience and sustainable energy in the Sahel region
    Download logoThe Sahel Alliance will hold its second general assembly in N'Djamena, Chad on Monday, 15 February 2021. The meeting will take place on the side-lines of a summit for the G5 Sahel countries— Burkina Faso, Mali, Mauritania, Niger, Chad—as well as France. The African Development Bank (www.AfDB.org) played an active role in the formation […]
  • R12.6 million in funding awarded to 17 of South Africa’s most promising Social Innovators
    [youtube https://www.youtube.com/watch?v=wITZdZL0pR0&w=854&h=480]Meat Naturally and Agricool Finance were awarded joint first place in the 10th Annual Social Innovation Awards, while Leafline Washable Sanitary Wear scooped first place in the Disability Empowerment Awards. All three winners were awarded R1.3 million in grant funding. A total amount of R12.6 million in grant funding and business development support was given […]
  • Joint communiqué on the critical desert locust situation and emergency response in Somalia
    On 3 February 2021, the Ministry of Agriculture and Irrigation, Federal Government of Somalia, Federal member state (FMS) ministers from Jubaland, Hirshabelle and South West States, and the Food and Agriculture Organization of the United Nations (FAO) held a meeting in Mogadishu to deliberate and agree on immediate actions to address the critical desert locust situation in the […]
  • African Development Bank, FAO and South Sudan’s government ink protocols for $14 million grant to boost agricultural markets
    Download logoThe African Development Bank (www.AfDB.org) on Wednesday signed protocols to disburse a $14 million grant to the Government of South Sudan to boost agricultural markets in a project to be implemented by the UN’s Food and Agriculture Organization (FAO). The Agricultural Markets, Value Addition and Trade Development (AMVAT) project aims to enhance agricultural productivity […]
Facebook Twitter

About Us

SADC AGRIBUSINESS MAGAZINE

Sadc Agribusiness Magazine is Southern Africa's premier farming magazine which provides news updates and analysis of topical issues affecng large scale farming to smallholder farmers, agri-preneurs, investors, community leaders, Agric ministries, who believe in the strong role of agriculture in economic development and poverty alleviation.

Recent Posts

  • RAISIN PRODUCTION LEADER OSMAN AKÇA A.Ş. IS THE FIRST IN TURKEY TO OWN THE NEW TOMRA 5C SORTING MACHINE
  • TOMRA Food launches Packhouse Academy, the fresh produce industry’s most comprehensive online learning resource
  • PERRY OPENS NEW OFFICE & TRAINING FACILITY IN UGANDA
  • VIRTO GROUP once again chooses TOMRA and renews the equipment at its main plant with eleven Nimbus BSI+ sorters
  • SKF South Africa secures local agri customer’s aftermarket business for combine header gathering chain

Weather

JOHANNESBURG WEATHER

© 2019 All Rights Reserved SADC Agribusiness Magazine

No Result
View All Result

© 2019 All Rights Reserved SADC Agribusiness Magazine

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In