Logo of Phnom Penh Post newspaper Phnom Penh Post - Slight fall in food price index

Slight fall in food price index

Slight fall in food price index

Global food prices fell 1 per cent or two points in the October 2012 Food and Agriculture Organisation’s (FAO) Food Price Index released on October 7, 2012.

The index averaged 213 points, compared to September’s revised level of 215 points. According to the FAO, the decrease was mostly due to lower international prices of cereals and oils and fats, offsetting increases in dairy and sugar prices.

In the first 10 months of the year, food prices were on average eight per cent lower than the first 10 months last year, according to the Rome-based agency. Wheat and maize prices slightly decreased, while rice quotations were mostly stable, the index showed.

According to Yang Saing Koma, president of the Cambodian Center for Study and Development in Agriculture (CEDAC), changes in the global rice price affect the Cambodia market.

He said the price of regular rice in Cambodia has remained stable compared to last month and last year, because the rice price on the international market is relatively stable.

According to Yang Saing Koma, farmers have already sold most of their rice during harvest time so the price will not have as much of an effect for farmers than when the new harvest starts at the end of November.

The FAO food price index is a measure of the monthly change in international prices of a basket of food commodities.

To contact the reporter on this story: Anne Renzenbrink at [email protected]

MOST VIEWED

  • Negotiations on EBA being held

    In an effort to defuse tensions, a senior government official said Cambodia is negotiating with the European Union (EU) on the Everything But Arms (EBA) trade deal, which allows the Kingdom to export goods to the 28-member bloc tariff-free. The EU notified Cambodia on October 5

  • Ministers to tackle sea pollutants

    Preah Sihanouk provincial authorities and members of local communities have collected 77 tonnes of water hyacinth at a Sihanoukville beach, Preah Sihanouk Provincial Hall spokesperson Or Saroeun said. He told The Post yesterday that the aquatic weeds had been floating along some of the province’s

  • Chinese police escort deported scam suspects

    Ninety-one Chinese nationals accused of extorting money from victims in a Voice over Internet Protocol (VoIP) scam were deported from Phnom Penh International Airport on Monday under the escort of 182 Chinese police personnel. General Department of Immigration head of investigations Ouk Hay Seila told reporters

  • EU officials: Ending EBA an 18-month procedure

    EU officials have confirmed that it will take a total of 18 months to complete the procedure if Cambodia’s preferential Everything But Arms (EBA) trade agreement is to be withdrawn. According to EU Agriculture and Rural Development spokesman Daniel Rosario, the formal process has not