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World Food Prices Unchanged in August

Posted September 6th, 2012 at 9:15 am (UTC-5)
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The United Nations says world food prices held steady in August, after a big jump the month before. The U.N. Food and Agriculture Organization in Rome says its food price index was unchanged last month. The agency said that eased fears summertime droughts in the U.S. and Eastern Europe could continue to push food prices […]

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As World Economy Slows, Oil Prices Drop

Posted June 21st, 2012 at 3:50 pm (UTC-5)
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With the world economy slowing, the price of oil on the New York market has dropped below $80 a barrel for the first time since October. Oil has traded at well over $100 a barrel in the last year. But on Thursday the price for the West Texas Intermediate crude sold on the U.S. market […]

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WFP: Food Prices Rise Between December & January

Posted February 10th, 2012 at 1:57 pm (UTC-5)
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The U.N. Food and Agriculture Organization says global food prices rose by nearly two percent between December and January. The FAO tracks a collection of key food commodities and says poor weather in key growing regions played a roll in the rising costs. Thursday’s report says prices rose for all major types of cereals, except […]

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US Wholesale Prices Fall Unexpectedly

Posted January 18th, 2012 at 10:25 am (UTC-5)
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The U.S. says the price for wholesale goods fell last month, a sign that inflation remains tame. The Labor Department said Wednesday that wholesale prices — the price manufacturers pay for goods and materials before they reach consumers — declined by one-tenth of one percent in December. Economists polled by news agencies had expected a […]

Tags: , , Posted in Americas, Economy, US

Report: Food Prices Drop

Posted January 12th, 2012 at 5:00 am (UTC-5)
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The United Nations’ Food and Agriculture Organization says world food prices fell 2.4 percent in December. Thursday’s report from the FAO says lower demand and larger harvests of cereals, sugar and oils contributed to the price decline. Altogether, food prices are down more than 11 percent from their peak last February. While the prices have […]

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Oil Prices Jump 4%

Posted January 3rd, 2012 at 5:20 pm (UTC-5)
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Global oil prices rose about four percent Tuesday in the wake of rising Middle East tensions and some upbeat economic news. The cost of a barrel of crude oil for future delivery rose $3.80 in New York, to trade at $102.63, its highest level in six weeks. London’s benchmark Brent crude rose almost $4 reaching […]

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FAO: Global Food Prices To Decline Slightly; Remain Volatile

Posted January 3rd, 2012 at 11:50 am (UTC-5)
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The new head of the U.N.’s Food and Agriculture Organization says food prices may ease a bit this year as demand falls because of a slowing economy. Jose Graziano da Silva says price declines will not be “drastic,” and says economic turmoil may increase the number of people facing hunger. The FAO says more than […]

Tags: , Posted in Africa, Asia, Economy, Europe

UN: Food Prices Dropped Sharply in September

Posted October 6th, 2011 at 7:30 am (UTC-5)
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The United Nations says world food prices dropped sharply in September, though prices remain generally higher than they were a year ago. The U.N. Food and Agriculture Organization says its monthly Food Price Index, released Thursday, was down 2 percent from August. It says the drop reflected falling prices for most commodities, with the cost […]

Tags: , , , Posted in Africa, Economy

Another Record High Price For Gold

Posted August 2nd, 2011 at 5:05 pm (UTC-5)
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The price of gold surged 2.2 percent to an all-time high Tuesday, following some disappointing reports on the U.S. economy and continuing concerns about the European debt crisis. The price of gold for immediate delivery soared $35 in New York trading to end the day at $1,654.80 an ounce. Gold prices have hit record highs […]

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Another Record High Price For Gold

Posted August 2nd, 2011 at 1:50 pm (UTC-5)
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The price of gold surged more than 1 percent to an all-time high Tuesday following some disappointing reports on the U.S. economy, and continuing concerns about the European debt crisis. The price of gold for December delivery jumped $23 to go as high as $1,644.70 in New York trading. Gold prices have hit a series […]

Tags: , Posted in Economy

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