{"id":9697,"date":"2011-12-09T13:14:01","date_gmt":"2011-12-09T13:14:01","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/12\/food-prices-for-november-2011-almost-unchanged-%e2%80%93-fao\/"},"modified":"2011-12-09T13:14:01","modified_gmt":"2011-12-09T13:14:01","slug":"food-prices-for-november-2011-almost-unchanged-fao","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/12\/09\/food-prices-for-november-2011-almost-unchanged-fao\/","title":{"rendered":"Food prices for November 2011 almost unchanged \u2013 FAO"},"content":{"rendered":"

You Are Here: Home<\/a> \u00bb General News<\/a> \u00bb Food prices for November 2011 almost unchanged \u2013 FAO<\/p>\n

\n

Page last updated at Friday, December 9, 2011 13:13 PM \/\/ <\/span><\/div>\n

\"\"<\/a>The United Nations Food and Agriculture Organisation (FAO) says that food prices for November have remained virtually unchanged.<\/p>\n

\u201cThe FAO Food Price Index (FPI) in November was virtually unchanged from its October level. At the new level of 215 points, the Index was 23 points, or 10%, below its peak in February 2011 but remained two points, or one percent, above its level in November 2010,\u201d the Rome-based agency said in a statement.<\/p>\n

The FPI showed that prices of cereals \u201cdropped by 3 points or 1% from October largely driven by wheat prices, which dropped 3%, while rice quotations fell only slightly.<\/p>\n

Coarse grain prices remained virtually unchanged,\u201d the FAO said.<\/p>\n

Despite the unchanged prices, the agency noted that \u201cthe cereals index remained 6 points higher than in November 2010.\u201d<\/p>\n

The FAO indicated that its quarterly Crop Prospects and Food Situation report also released November 8, 2011 confirmed a record level of world cereal production of 2,323 million tonnes for 2011 representing a 3.5% increase on 2010 production although marginally lower than October\u2019s estimate.<\/p>\n

At this level, the 2011 cereal crop should be sufficient to cover the expected increase in utilization in 2011\/12 and also allow for a moderate replenishment of world reserves, the report said.<\/p>\n

By Ekow Quandzie<\/p>\n

Comments<\/h4><\/p>\n","protected":false},"excerpt":{"rendered":"

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