Global Cereal Output Heads for New Record
Food Price Index
Discussion Points
- What is the FAO Food Price Index?
- What is the trend with cereal production around the world? Are their trends within certain regions of the world that are different than others?
- Looking at the Food Price Index what trends have you noticed over the past years? What may be causing these fluctuations?
- Some Food Price Indexes have decreased while other areas have increased or held stable? What are the reasonings for this?
- What specific area increase or decrease in the Food Price Index surprises you the most and why?
33 comments:
looking at it the price has stayed steady that is about it
What happens if the prices get to be too high, what will happen to the economy, what will happen to jobs, etc...?
Looking at the food price index it seems that the price has been steadily rising but an increase in the production of grains has lowered prices as there is now more supply than the demand.
FAO food prices are the measurement of how much change normal food commodities have every month. This helps people see if prices fluctuate over time and allows them to identify the current rate prices may be at.
When I read that the cereal production was at an all time high of 2116 million tones that blew my mind I had no idea it would be that high.
The FAO food price, never seems to stay at the same points it was prior. It seems to decrease and increase quite often.
The global food prices declined due to the amount of grains that farmers produced.
The production of cereal around the world is increasing at a rapid rate in turn is giving people more food at a lower cost which is good for the people but bad for the farmer because that means that the farmer has to grow more crops to make the same as last year but if every farmer does it then it will recreate what happened in the 30's except without the dust bowl.
What ive noticed is that production would increase but then the next year they would decrease to probably balance out what happened the previous year.The prices of cereal decrease while to price to farm increases because their having to plant more to try and get the same payoff as last season
The FAO prices are not being consistent. They been going up and down in prices and that is because some have had droughts that affect the price. FAO is the monthly change in international price.
The FAO Food Price Index regards food production around the world. Such as the cereal price, vegetable oil price, dairy price and meat price index. Each month they check the prices of these foods, and they either go up and down. As of now, the FAO Food Price Index is down 2.3 points from July. But is still averaged at 176.6 in August.
very interesting i never knew cereal was so important
I was surprised how the global food prices do not fluctuate as much as i would expect.
The price of cereal dropping is because of the amount of grains produced this year which is good because we need more food now because of the worlds population.
I had no idea they produced over 2 thousand tonnes of cereal!
2611 tonnes to me seems like a lot
I thought the cereal article was interesting, because it's expected to expand 2 percent and then it will break the world record.
FAO's Food Price Index talks about the production of food around the world. Food prices would drop if they had extra food but since they don't prices would have to raise. But the prices aren't consistent due to more supply and less demand / replacing ingredients like sugar.
The FAO food price index is about how much food is produced globally. I was surprised that the meat price index went down lately.
I didnt know that there was such importance on cereal.
The FAO food price index is about how much food is produced globally. I was surprised that the meat price index went down lately.
The FAO is not being consistent with there prices of food because there has been some droughts.
Out of all the prices that went down it surprised me that sugar was one that went down...
I didn't know that the supply was so high for wheat, corn, and rice in the world.
I was also surprised that meat prices went down even though how many cattle were lost in hurricane Harvey.
I had no idea that cereal was that large of an industry, I had no idea that there could even be 2 611 million tones of cereal, that's a lot of cereal!
The FAO Food Price Index is a measure of the monthly change in international prices of a basket of food commodities. For instance, if there were more of something the prices would go down and if not there would be a supply and demand.
I had no idea that cereal trade was as big as it is. Mind Blown
It shocked me that the supply for wheat, corn, and rice in the world.
apples
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