commodities

FAO

Global food prices dip, surpluses to hit new highs

2 November 2017

Prices have declined for some of the world’s most important foods as harvests continue to outstrip demand, the UN food and agricultural agency (FAO) said on Thursday.

FAO, which announced the development in its monthly Food Price Index, said that lower dairy prices led the downward trend in key commodities.

Forecasts for 2018 indicate that worldwide cereal production and surpluses are likely to reach record levels, FAO senior economist Abdolreza Abbassian told Daniel Johnson.

World Bank/Gennadiy Kolodkin

Global economic growth levels to rise by 2.7% in 2017

10 January 2017

General News

Global economic growth is expected to rise by 2.7 percent in 2017, according to a report released by The World Bank.

Improvements in the commodity market with respect to the export and import of oil, gold and agricultural products, and growth in advanced economies have been cited as reasons for this moderate increase.

However, the report also analysed how weak investments and policy changes could play a role in affecting regional and global growth forecasts.

UN-established commodities fund aims to aid least developed countries

20 June 2003

Faced with a long-term decline in agricultural commodity prices, an intergovernmental financial institution established by the United Nations said today it has given special attention in its new Five-Year Action Plan to the least developed countries which depend on agriculture for 80 per cent of their export earnings.

New UN survey shows dramatic changes in world's commodities markets

8 June 2001

Against the backdrop of a rapidly integrating global economy, commodities markets around the world are experiencing dramatic transformations, according to a new survey released today by the United Nations Conference on Trade and Development (UNCTAD).

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