The FAO Food Price Index rose slightly in September 2012, up 1.4 percent, or 3 points, from its level in August. The rise reflected strengthening dairy and meat prices and more contained increases for cereals. Prices of sugar and oils, on the other hand, fell.
Meanwhile, FAO’s latest forecasts confirm a decline in global cereal production this year from the record registered in 2011. But record harvests are expected in low-income food-deficit countries.
World cereal production in 2012 is now forecast at 2 286 million tonnes, slightly down from the 2 295 million tonnes estimated in September, according to the new issue of FAO’s quarterly Crop Prospects and Food Situation report also published today.