Countries celebrate 50th anniversary of Codex Alimentarius
The Cereal Supply and Demand Brief provides an up-to-date perspective of the world cereal market. The monthly brief is supplemented by a detailed assessment of cereal production as well as supply and demand conditions by country/region in the quarterly Crop Prospects and Food Situation. More in-depth analyses of world markets for cereals, as well as other major food commodities, are published biannually in Food Outlook.
FAO Director-General José Graziano da Silva today opened the FAO Council, presenting the 2014-2015 Programme of Work and Budget which calls for an increase of 1 percent of the Organization’s budget in real terms to support the Organization’s core work in fighting hunger and malnutrition and promoting sustainable agricultural development.
The FAO Food Price Index (FPI) crept higher by one percent in March compared with a month before, driven mainly by an 11 percent increase in dairy. Dairy products carry a 17 percent weight among the various commodity prices included in the calculation of the overall FPI.
The decline in December, when the Index averaged 209 points, was led by drops in the international prices of major cereals and oils and fats. The Index’s previous low in 2012 was in June, at 200 points.