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FAO stands firm and continues to alert on price volatility - Jacques
11 April 11, Rome -- The FAO Food Price Index has recently dropped for the first time after eight months of continuous price spikes. The Index is down 2.9 percent from its last peak in February, and still 37 percent above March 2010. In March, an extreme volatility has globally been experienced for grains, due to economic uncertainties, as a result of the situation in North Africa, other parts of the Near East and the Japanese earthquake and tsunami as well.
Most indicators highlight increased cereal production in 2011, however, projected growth may not be sufficient to replenish inventories, and case prices could remain firm throughout 2011/12.
FAO Director-General, Jacques Diouf, made the following remarks on the overall status of food price volatility during his opening statement at the 141st Session of the FAO Council * .
* The Council is the executive organ of the Conference. The Council meets at least four times between regular Conference sessions. In particular, it exercises functions dealing with the world food and agricultural situation and related matters, current and prospective activities of the Organization,
FAO Director-General, Jacques Diouf, made the following remarks on the overall status of food price volatility during his opening statement at the 141st Session of the FAO Council * .
* The Council is the executive organ of the Conference. The Council meets at least four times between regular Conference sessions. In particular, it exercises functions dealing with the world food and agricultural situation and related matters, current and prospective activities of the Organization,
Produced by:
FAO
Reference:
9251
