{"id":14508,"date":"2018-01-17T09:45:52","date_gmt":"2018-01-17T16:45:52","guid":{"rendered":"http:\/\/plantingseedsblog.cdfa.ca.gov\/wordpress\/?p=14508"},"modified":"2018-01-17T09:45:52","modified_gmt":"2018-01-17T16:45:52","slug":"world-food-prices-down-in-december-up-in-2017-from-morning-ag-clips","status":"publish","type":"post","link":"https:\/\/plantingseedsblog.cdfa.ca.gov\/wordpress\/index.php\/2018\/01\/17\/world-food-prices-down-in-december-up-in-2017-from-morning-ag-clips\/","title":{"rendered":"World food prices down in December, up in 2017 &#8211; from Morning Ag Clips"},"content":{"rendered":"<div id=\"content\" class=\"site-container slideout-panel slideout-panel-left\">\n<div class=\"site-inner\">\n<div class=\"content-sidebar-wrap\">\n<div class=\"single-wrap\">\n<article class=\"post-207898 post type-post status-publish format-standard has-post-thumbnail category-national tag-commodity tag-consumer tag-economy tag-international tag-price tag-pricing entry\">\n<div class=\"entry-content\">\n<p><img decoding=\"async\" class=\"alignleft  wp-image-14509\" src=\"http:\/\/plantingseedsblog.cdfa.ca.gov\/wordpress\/wp-content\/uploads\/2018\/01\/international-street-food-festival-flemington-melb31-300x267.jpg\" alt=\"\" width=\"337\" height=\"300\" srcset=\"https:\/\/plantingseedsblog.cdfa.ca.gov\/wordpress\/wp-content\/uploads\/2018\/01\/international-street-food-festival-flemington-melb31-300x267.jpg 300w, https:\/\/plantingseedsblog.cdfa.ca.gov\/wordpress\/wp-content\/uploads\/2018\/01\/international-street-food-festival-flemington-melb31-768x684.jpg 768w, https:\/\/plantingseedsblog.cdfa.ca.gov\/wordpress\/wp-content\/uploads\/2018\/01\/international-street-food-festival-flemington-melb31-1024x911.jpg 1024w, https:\/\/plantingseedsblog.cdfa.ca.gov\/wordpress\/wp-content\/uploads\/2018\/01\/international-street-food-festival-flemington-melb31.jpg 1600w\" sizes=\"(max-width: 337px) 100vw, 337px\" \/><\/p>\n<p>Global food prices declined in December, led by sharp decreases for vegetable oils and dairy products, according to the latest\u00a0<a href=\"http:\/\/www.fao.org\/worldfoodsituation\/foodpricesindex\/en\/\" target=\"_top\">FAO Food Price Index<\/a>.<\/p>\n<p>The index, a measure of the monthly change in international prices of a basket of food commodities, stood at 169.8 points in December 2017, down 3.3 percent from November.<\/p>\n<p>Despite the late-year slide, the FAO Food Price Index averaged 174.6 points in 2017, up 8.2 percent from 2016 and reaching the highest annual average since 2014.<\/p>\n<p>The\u00a0<strong>FAO Dairy Price Index\u00a0<\/strong>declined 9.7 percent in December, with high export supplies and subdued demand weighing on the international prices of skim and whole milk powders as well as cheese and butter. Still, the subindex was 31.5 percent higher over the whole of 2017 than the previous year.<\/p>\n<p>The\u00a0<strong>FAO Vegetable Oil Price Index<\/strong>\u00a0declined by 5.6 percent from November, as palm oil prices tumbled amid swelling stocks in Malaysia and Indonesia. That in turn pressured down soy oil quotations. Over 2017, the subindex ran 3 percent higher than the prior year.<\/p>\n<p>The\u00a0<strong>FAO Sugar Price Index<\/strong>\u00a0also declined, marking a 4.1 percent drop from November due to seasonal factors and expectations of a large surplus in the year ahead. Sugar prices were 11.2 percent lower, on average, in 2017 than in 2016, due largely to a bumper harvest in Brazil, the world\u2019s leading producer.<\/p>\n<p>The\u00a0<strong>FAO Cereal Price Index<\/strong>\u00a0remained broadly stable for the third consecutive month, with international wheat prices weakening while those of maize and rice firming up. The Index was 3.2 percent higher over 2017 than in 2016, while still 37 percent below its 2011 peak.<\/p>\n<p>The\u00a0<strong>FAO Meat Price Index<\/strong>\u00a0slipped slightly in December, with strong supply pressuring international prices for bovine meat down. For the year, the subindex registered a 9 percent increase from its 2016 level.<\/p>\n<p><a href=\"https:\/\/www.morningagclips.com\/food-prices-down-in-dec-up-for-whole-year\/\">Link to Morning Ag Clips<\/a><\/p>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Global food prices declined in December, led by sharp decreases for vegetable oils and dairy products, according to the latest\u00a0FAO Food Price Index. The index, a measure of the monthly change in international prices of a basket of food commodities, &hellip; <a href=\"https:\/\/plantingseedsblog.cdfa.ca.gov\/wordpress\/index.php\/2018\/01\/17\/world-food-prices-down-in-december-up-in-2017-from-morning-ag-clips\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-14508","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>World food prices down in December, up in 2017 - from Morning Ag Clips - CDFA&#039;s Planting Seeds Blog<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/plantingseedsblog.cdfa.ca.gov\/wordpress\/index.php\/2018\/01\/17\/world-food-prices-down-in-december-up-in-2017-from-morning-ag-clips\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"World food prices down in December, up in 2017 - from Morning Ag Clips - CDFA&#039;s Planting Seeds Blog\" \/>\r\n<meta property=\"og:description\" content=\"Global food prices declined in December, led by sharp decreases for vegetable oils and dairy products, according to the latest\u00a0FAO Food Price Index. 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