Commodities: Global prices steady in April
Sliding dollar and increased oil prices kept global food prices steady in April.
KARACHI:
The sliding dollar and increased oil prices kept global food prices steady in April after a decline in March, following eight months of successive increases, United Nations Food and Agriculture Organization (FAO) said on Thursday.
According to the FAO, a decline in sugar prices and a decline in rice rates helped stabilise the index, but international prices of nearly all other food commodities remained firm.
Published in The Express Tribune, May 6th, 2011.
The sliding dollar and increased oil prices kept global food prices steady in April after a decline in March, following eight months of successive increases, United Nations Food and Agriculture Organization (FAO) said on Thursday.
According to the FAO, a decline in sugar prices and a decline in rice rates helped stabilise the index, but international prices of nearly all other food commodities remained firm.
Published in The Express Tribune, May 6th, 2011.