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.
Romania and Bulgaria's wheat crops are expected to be relatively unscathed by recent rain, although some wheat could be downgraded to feed quality, traders said on Friday.
An inspection of rice warehouses launched by Thailand's military government this week thinned supply and drove Thai rice prices to four-month highs on Thursday, although demand remained thin, traders said.
Paris wheat futures were little changed on Friday as a holiday in the United States encouraged the European market to consolidate after hitting its lowest level in nearly five months.
News of larger-than-anticipated old crop inventories alongside record-large new crop plantings slammed the US soyabean market this week, pushing both old and new crop prices to their lowest levels in more than three months.
It seems to be good news all round for Poundland in the UK at the moment, with share prices, profits and sales increasing, not to mention their new store openings.
Now the focus has switched from Newcastle, Britain to China, eaters' paradise, with statistics showing nearly two billion pounds worth of food and drink was exported from Britain to Asia in the past year.
Turkish shares and bond prices were firm on Friday in lower volumes due to a U.S. holiday while lower oil prices underpinned the lira which was hit on Thursday by higher-than-expected June inflation data.
Indonesia's two presidential candidates have pledged to increase the amount of farm land to improve self sufficiency, although previous such plans by Asia's top importer of wheat and a major buyer of other grains and edibles have often stumbled.
Wheat futures on the Chicago Board of Trade settled higher on Wednesday on short-covering and bargain buying after this week's 4-1/2-month low, traders said.
Spanish retailer Eroski has presented its latest innovation in private label, Faccile', its new own-brand which offers a variety of fresh produce that is "ready to cook".
The supermarket group Asda is terminating 1,360 jobs as it "radically" reorganises its store-management in the face of the ongoing movement towards online grocery-shopping.
Zambia has been selected among six other countries to benefit from an estimated 250 million U.S. dollars from the Global Agriculture and Food Security Fund Program (GAFSP) to improve food production in the country
The outlook for world supplies of cereals and vegetable oils improved in June, contributing to the third straight monthly drop in global food prices, the United Nations' food agency said on Thursday.
The US and the Republic of Korea formed a partnership that will recognize the two countries' organic programs as equivalent for processed organic products and streamline access to each other's markets.
During the third quarter, the global beef market will regain its positive momentum, once the current, temporarily high supply has worked through the system, according to Rabobank’s Beef Quarterly Q2 2014.
