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Tag Archives: commodities

FAO food price index down for third month running: plenty of corn and wheat

The FAO Food Price Index was down for a third consecutive month in June, a decline mostly influenced by lower wheat, maize and palm oil prices that reflected ample supplies and improved global production prospects for these commodities.  According to the latest FAO Crops Prospects and Food Situation Report, the outlook for global production of cereals, […]

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The United States of America is the largest producer of oil in the world and the country has approved licenses to export crude oil to Europe

The United States of America government has approved at least four licenses to export crude oil to Europe, for the first time in years, showing how companies are breaking through the limits of the export ban established in the 1970s, according to Reuters which learned about the fact from a Freedom of Information Act request. According […]

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