Latest news with #FAOFoodPriceIndex
Time of India
02-05-2025
- Politics
- Time of India
Funding woes force UN to weigh massive overhaul
Geneva|United Nations: The United Nations is considering a massive overhaul that would merge major departments and shift resources across the globe, according to an internal memo prepared by senior officials tasked with reforming the world body. #Pahalgam Terrorist Attack Pakistan reopens Attari-Wagah border to allow stranded citizens in India to return Key Jammu & Kashmir reservoirs' flushing to begin soon Air India sees Pakistan airspace ban costing it $600 mn over 12 months The high-level review comes as UN agencies scramble to cope with the fallout from US foreign aid cuts under President Donald Trump that have gutted humanitarian agencies. The six-page document, marked "strictly confidential" and reviewed by Reuters, contains a list of what it terms "suggestions" that would consolidate dozens of UN agencies into four primary departments: peace and security, humanitarian affairs, sustainable development, and human rights. 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Under one option, for example, operational aspects of the World Food Programme, the UN children's agency, the World Health Organization (WHO) and the UN refugee agency would be merged into a single humanitarian entity, it said. Consolidation of agencies The memo contains a range of suggestions, some large, some small, some speculative, which, if all adopted, would represent the most sweeping reforms in decades. It suggests merging the UN AIDS agency into the WHO, and reducing the need for up to six translators at meetings. Another suggestion proposes consolidating the World Trade Organization (WTO)-which is not a UN entity-with UN development agencies. Live Events WTO spokesperson Ismaila Dieng said the body "was established by a separate international agreement and operates independently". Global food prices up Meanwhile, the UN's Food and Agriculture Organization (FAO) said global food commodity prices increased in April, driven by higher cereal, meat and dairy product prices that outweighed falls in sugar and vegetable oils. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 128.3 points in April, up 1% versus the March estimate of 127.1 points.
RTÉ News
02-05-2025
- Business
- RTÉ News
World food prices increase in April, UN's FAO says
Global food commodity prices increased in April, driven by higher cereal, meat and dairy product prices that outweighed falls in sugar and vegetable oils, the United Nations' Food and Agriculture Organization said today. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 128.3 points in April, up 1% on the March estimate of 127.1 points. The April reading was also 7.6% higher than the same month a year ago but 19.9% below a March 2022 peak reached following Russia's full-scale invasion of Ukraine. For cereals, FAO's price index rose 1.2% from March as wheat prices edged up due to tighter exports from Russia, rice rose on stronger demand and corn stocks tightened in the US. "Currency fluctuations influenced price movements in world markets, while tariff policy adjustments raised market uncertainty," the FAO added. Despite the April rise, the cereal price index was 0.5% below its year earlier level. Also driving food prices higher, the FAO's meat price index rose 3.2% last month, led by pig meat prices and firm import demand for bovine meat. The dairy price index rose 2.4% in April and jumped 22.9% versus a year ago as butter prices hit record highs thanks to declining inventories in Europe. By contrast, FAO's vegetable price index fell 2.3% last month due to a sharp decline in palm oil prices, while the sugar price index dropped 3.5% on fears over the uncertain global economic outlook. In a separate cereal report, FAO kept its forecast for 2025 world wheat production unchanged at 795 million metric tons, on par with 2024 levels. The agency decreased its estimate slightly for global cereal production in 2024 to 2.848 billion tons from 2.849 billion.
Al Etihad
02-05-2025
- Business
- Al Etihad
FAO Food Price Index increases in April, with world cereal, meat and dairy prices up
2 May 2025 17:28 ABU DHABI (ALETIHAD) The benchmark measure of world food commodity prices increased in April, driven by higher quotations for major cereals, meat and dairy products, the Food and Agriculture Organization of the United Nations (FAO) reported on FAO Food Price Index, which tracks monthly changes in the international prices of a set of globally traded food commodities, averaged 128.3 points in April, up 1.0 percent from March and 7.6 percent from the same month last FAO Cereal Price Index increased by 1.2 percent from March. Global wheat prices edged up slightly, supported by tightening exportable supplies in the Russian Federation, while the FAO All Rice Price Index rose on stronger demand for fragrant varieties. International maize prices rose due to seasonally tighter stock levels in the US. Currency fluctuations influenced price movements in world markets, while tariff policy adjustments raised market FAO Meat Price Index was up 3.2 percent in April compared to March, with quotations rising across all meat FAO Dairy Price Index increased by 2.4 percent in April from the previous month to stand as much as 22.9 percent higher than a year earlier. The rise was led by international butter prices, which hit a new all-time high due to declining inventories in contrast, the FAO Vegetable Oil Price Index declined by 2.3 percent, though it remained 20.7 percent higher than its year-ago level. Palm oil prices fell markedly due to seasonally higher outputs in major Southeast Asian producing countries, while global soy and rapeseed oil prices rose on the back of strong global import demand. Sunflower oil prices remained largely stable. The FAO Sugar Price Index also dropped by 3.5 percent from March, largely due to concerns over the uncertain global economic outlook and its potential impact on the demand from the beverage and food processing sectors, which together account for the bulk of global sugar consumption.
AsiaOne
02-05-2025
- Business
- AsiaOne
World food prices increase in April, UN's FAO says, World News
LONDON - Global food commodity prices increased in April, driven by higher cereal, meat and dairy product prices that outweighed falls in sugar and vegetable oils, the UN's Food and Agriculture Organisation said on Friday (May 2). The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 128.3 points in April, up one per cent versus the March estimate of 127.1 points. The April reading was also 7.6 per cent higher than the same month a year ago but 19.9 per cent below a March 2022 peak reached following Russia's full-scale invasion of Ukraine. For cereals, FAO's price index rose 1.2 per cent from March as wheat prices edged up due to tighter exports from Russia, rice rose on stronger demand and corn stocks tightened in the US. [[nid:717603]] "Currency fluctuations influenced price movements in world markets, while tariff policy adjustments raised market uncertainty," the FAO added. Despite the April rise, the cereal price index was 0.5 per cent below its year earlier level. Also driving food prices higher, the FAO's meat price index rose 3.2 per cent last month, led by pig meat prices and firm import demand for bovine meat. The dairy price index rose 2.4 per cent in April and jumped 22.9 per cent versus a year ago as butter prices hit record highs thanks to declining inventories in Europe. By contrast, FAO's vegetable price index fell 2.3 per cent last month due to a sharp decline in palm oil prices, while the sugar price index dropped 3.5 per cent on fears over the uncertain global economic outlook. In a separate cereal report, FAO kept its forecast for 2025 world wheat production unchanged at 795 million metric tons, on par with 2024 levels. The agency decreased its estimate slightly for global cereal production in 2024 to 2.848 billion tons from 2.849 billion. [[nid:717541]]
Business Recorder
02-05-2025
- Business
- Business Recorder
World food prices increase in April, UN's FAO says
LONDON: Global food commodity prices increased in April, driven by higher cereal, meat and dairy product prices that outweighed falls in sugar and vegetable oils, the United Nations' Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 128.3 points in April, up 1% versus the March estimate of 127.1 points. The April reading was also 7.6% higher than the same month a year ago but 19.9% below a March 2022 peak reached following Russia's full-scale invasion of Ukraine. For cereals, FAO's price index rose 1.2% from March as wheat prices edged up due to tighter exports from Russia, rice rose on stronger demand and corn stocks tightened in the United States. 'Currency fluctuations influenced price movements in world markets, while tariff policy adjustments raised market uncertainty,' the FAO added. Tanzania lifts ban on agriculture imports from South Africa, Malawi Despite the April rise, the cereal price index was 0.5% below its year earlier level. Also driving food prices higher, the FAO's meat price index rose 3.2% last month, led by pig meat prices and firm import demand for bovine meat. The dairy price index rose 2.4% in April and jumped 22.9% versus a year ago as butter prices hit record highs thanks to declining inventories in Europe. By contrast, FAO's vegetable price index fell 2.3% last month due to a sharp decline in palm oil prices, while the sugar price index dropped 3.5% on fears over the uncertain global economic outlook. In a separate cereal report, FAO kept its forecast for 2025 world wheat production unchanged at 795 million metric tons, on par with 2024 levels. The agency decreased its estimate slightly for global cereal production in 2024 to 2.848 billion tons from 2.849 billion.
