Thursday, September 8, 2011

FAO September 2011 Report: Global Cereal Prices are Headed Up

  • The FAO Food Price Index remained nearly unchanged in August (from July) but was 26 percent higher than in August 2010.
  • International cereal prices rose in August, in particular wheat.
  • Firmer cereal prices in August were largely offset by declines in international prices of most other commodities included in the Index, the oils and dairy in particular.