This is good news to those who are interested in farm produce trading. Report from (FAO) Food and Agricultural Organization released on the 6th May shows that the global prices of Staple food rose in April 2016. This is the third time consecutively for three month rise after four year of decline.
The report goes on to show that Food Price Index averaged 151.8 point in April, this represent 0.7 per cent increase from March 2016. The analysis show a 10 per cent increase from 2015
The report went no to show that the trade- weighted index tracks international market price for commodities group: cereal, vegetable oil, dairy meat and sugar.
The report also shows that the price of oil rose significantly to a an ever high point rate of 4.1 percent. which has affected key global staple food price.
There is still high demand for palm oil globally
As a matter of fact this is an opportunity to intending exporter of Palm oil to tap into and make fortune out of it
Should you want to know more on how to benefit from palm oil trading you can contact us through our email or any Agro- align exporter.
Good business.
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