Apply For FDI


Fraud Warning Disclaimer : FDI India warns you against certain individuals that might falsely present themselves as our affiliate agents, representatives, or employees. Under this false pretence, they might try to gain access to your personal information or to acquire money as Consultation fee or any other form or other valuables from you by offering fictitious employment opportunities or by claiming that they are contacting you on our behalf. Don’t fall prey into the fraudulent misrepresentation. Such fraudulent claims and offers are received generally via email, text message, phone, or internet, etc.

FDI India would like to bring to your notice that our authorized official Email ID is, . FDI India shall not be liable for any claims, damage, or loss of any kind inflicted by any other unauthorized entity. Be very mindful of such scams.
Legal : We own all the information, images, text, logo, and other content provided by us. The use of information is strictly prohibited without our consent. We hold the right to take a legal action against any individual or organization violating or using our site information.
Become A Partner Apply For FDI
Fdi India news

World Food Prices Drop Amid COVID-19 Pandemic; Demand Decreases

    4 April , 2020         Fdiindia

World Food Prices Drop Amid COVID-19 Pandemic; Demand Decreases

The ongoing COVID-19 pandemic has led to a sharp decline in global food prices in March as every sub-index saw prices decrease as demand fell. as per a study eleased by the UN Food and Agriculture Organization (FAO).

The overall index witnessed a downfall of 4.3 per cent, the second consecutive decrease and the highest one-month decline in nearly 2 years. Although March saw a decline in food process, the overall index was still 2.7 per cent higher than the same point last year, Xinhua reported citing the study released on Thursday.

The biggest drop in the index came from the prices for vegetable oil and sugars.

As compared to prices in February, vegetable oil prices fell by 12 per cent, pushed by less demand for fuel tied to the deadly pandemic, according to FAO. Prices for soy and rapeseed oil declined or biodiesel in the European Union declined markedly.

In March, sugar prices fell further by 19.1 per cent, pushed lower as bars and restaurants around the world closed after several countries announced complete or partial lockdowns in a bid to contain the novel virus.

Prices for basic commodities like cereals and grains also witnessed a fall by 1.9 per cent as export prices of all cereals except rice fell amid reduced levels of trade combined with robust harvests. Rice prices, on the other hand, surged slightly due to the increased demand from India and China.

Apart from these, dairy prices fell 3 per cent, the first decline after four months of increases, based mostly on lower demand amid the novel coronavirus pandemic.

Meat prices also faced a slight decline, falling just 0.6 per cent as lower beef prices were offset by rising prices for pork as transport issues limited supply in some markets. Prices for poultry remained stable, FAO said.

The monthly FAO Food Price Index is based on worldwide prices for 23 food commodity categories covering prices for 73 different products compared to a baseline year. The next index is scheduled for release on May 7, 2020.