date:Jul 06, 2012
in June, which is down for the second-consecutive month. After slipping 6.8 percent in May, the index fell by another 5.6 percent in June. The recent decline in international oils/fats prices was caused primarily by larger-than-expected oilcrop plantings in northern hemisphere countries plus a sizeable decline in crude-oil prices, which has weakened demand for vegetable oils from the energy sector.
FAOs Meat Price Index averaged 174 points in June, down 1.3 percent from May. Prices of all the