World food prices dipped in Feb as virus hit demand: FAO

Environment food charges slipped in February, ending four months of successive will increase, with the spread of coronavirus dampening demand for some merchandise, the United Nations food agency reported on Thursday.

The Food stuff and Agriculture Organization (FAO) food cost index, which actions month to month modifications for a basket of cereals, oilseeds, dairy merchandise, meat and sugar, averaged one hundred eighty.five points past month, down 1. per cent on January.

FAO also a little bit upped its forecast for cereal creation, predicting a crop totalling some two.719 billion tonnes in 2019, up from a earlier forecast of two.715 billion and some two.three per cent better than the 2018 crop.

The vegetable oil cost index plunged ten.three per cent from January, led by a slump in palm oil charges, when the cereal cost index eased .9 per cent, with the international charges of all significant cereals, apart from rice, declining.

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