2011-02-17

Learn More﹕World food prices Index (全球食品價格指數)


2011年2月17日 星期四 05:05

【明報專訊】The FAO (Food and Agriculture Organisation of the United Nations, 聯合國糧農組織) Food Price Index tracks monthly changes in food prices in the world. The monitored commodities include cereal, oils/fats, dairy products, sugar and meat.

According to the FAO, food prices have surged in the world for a row of seven months. The Index averaged 231 points in January 2011, up 3.4% on December 2010. That is the highest (both in real and nominal terms) since the FAO started measuring food prices in 1990. All the monitored commodity groups except meat registered strong gains last January.

FAO economist and grains expert Abdolreza Abbassian said, "High food prices are of major concern especially for low-income food deficit countries that may face problems in financing food imports and for poor households that spend a large share of their income on food." According to him, the only encouraging factor is that, owing to good harvests, domestic prices of some of the food staples have remained low compared to their world prices.

Reference: Food and Agriculture Organization of the United Nations

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