Again, world food prices fell in April - FAO - Premium Times Nigeria

Again, world food prices fell in April — FAO

World food commodity prices declined for the third month in a row in April due to significant fall in the demands for many commodities as a result of the COVID-19 pandemic, this is according to theThe index measures, monitors and tracks monthly changes in the international prices of commonly traded food commodities.

According to the report, the recent fall in prices was not pronounced for the cereal sub-index, which declined only slightly, while other other sub-indices of the overall Index were said to have registered significant month-on-month declines in April, in particular the sugar sub-index It said the fall was caused by the collapse in the international crude oil prices which reduced demand for sugarcane to produce ethanol, as well as confinement measures imposed in a number of countries.

The report says the FAO Dairy Price Index fell by 3.6 per cent, with butter and milk powder prices posting double-digit drops amidst increased export availability, mounting inventories, weak import demand and diminished restaurant sales in the northern hemisphere.Meat Price index declined 2.7 per cent. It says a partial recovery in import demand from China was insufficient to balance a slump in imports elsewhere.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

PremiumTimesng /  🏆 3. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NCS Apapa command generates N39.877b in AprilNigeria Customs Service (NCS), Apapa Area Command, generated N39.877 billion in the month of April.Mrs Nkeiruka Nwala, Deputy Superintendent..
Read more »

Death Visits Nigeria Football again as NFF Board Member, Okenwa, Dies - THISDAYLIVEDuro Ikhazuagbe Death struck the Nigeria football family again yesterday as a Member of the Executive Committee of the Nigeria Football Federation and Chairman of the Nigeria National League, Hon. Chidi Ofo Okenwa, died at 50. Okenwa was also the Chairman of the Enugu State Football Association. Okenwa family sources in Enugu told THISDAY that …
Read more »

Again, Court Stops Nigerian Government From Extraditing Buruji Kashamu To United States | Sahara ReportersJustice Okon Abang in a judgment held that no fresh application for Kashamu’s extradition could be initiated when previous judgments of the Federal High Court in Abuja and Lagos prohibiting the extradition moves had not been set aside by superior courts.
Read more »

Again, court stops FG from extraditing Kashamu to US
Read more »

Fresh lockdown possible, FG warns again – Daily TrustSays 2nd batch of UK returnees arrive today The Federal Government yesterday again warned of a possible fresh lockdown of the country over the violation of the guidelines on the eased lockdown. National Coordinator, Presidential Task Force on COVID-19, Dr Sani Aliyu, gave the warning in Abuja at the 27th joint national briefing of the …
Read more »

COVID-19: Again Yobe receives repatriated Almajiris from Nasarawa [PHOTOS]Yobe State Government, through the State Emergency Management Agency, (SEMA) has received another set of Almajiris from the Nasarawa State government. Dr. Mohammed Gone, Executive Secretary SEMA disclosed this shortly after receiving the repatriated Almajiris, alongside officials from the Northeast Development Commission and the Ministry of Health in Damaturu. He said the returnees have been
Read more »