In the report, the FAO Meat Price Index declined 0.9 per cent from August, partly influenced by China’s decision to ban imports of pig meat from Germany after African Swine Fever was detected among wild boars.
The report said, the FAO Dairy Price Index was almost unchanged during the month, as moderate increases in the prices of butter, cheese and skim milk powder were offset by a fall in whole milk powder quotations. The FAO Sugar Price Index declined 2.6 per cent, mainly in reaction to exceptions of a global sugar production surplus in the coming season, driven by a significant production recovery in India and strong output anticipated in Brazil.Meanwhile, the world cereal utilisation in 2020/21 is forecast at 2744 million tonnes, 2.0 per cent higher than the previous year.“Global trade in cereals is also expected to reach an all-time high of 448 million tonnes in 2020/21 up 2.
“If the new projections are confirmed, the world cereal stocks to use ratio in 2020/21 will be 31.6 per cent, only slightly down from the 2019/20 ratio but still relatively high from a historical perspective. “The FAO forecasts for world cereal production, slightly trimmed from last month’s projections, and now pegged at 2762 million tonnes for 2020, still an all-time high and some 2.1 per cent higher than the previous year’s output,” it added.
Let's see how EndSARS protest goes. In the near future we won't be sitting on the fence and watch politicians killing and maiming us. Everything will involve peaceful protest. High cost of living is a very serious matter.
God, have mercy on us
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