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

Environment food items rates slipped in February, ending 4 months of successive raises, with the distribute of coronavirus dampening desire for some products and solutions, the United Nations food items company reported on Thursday.

The Food items and Agriculture Corporation (FAO) food items cost index, which steps month to month adjustments for a basket of cereals, oilseeds, dairy products and solutions, meat and sugar, averaged a hundred and eighty.five points final month, down one. for each cent on January.

FAO also slightly upped its forecast for cereal generation, predicting a crop totalling some 2.719 billion tonnes in 2019, up from a earlier forecast of 2.715 billion and some 2.three for each cent higher than the 2018 crop.

The vegetable oil cost index plunged 10.three for each cent from January, led by a slump in palm oil rates, whilst the cereal cost index eased .nine for each cent, with the intercontinental

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