Sugar prices surpass 30-year highsNovember 17, 2010 - 18:28 AMT PanARMENIAN.Net - Sugar was an important reason for the rise in the price of the global food basket in recent months, Food and Agriculture Organization (FAO) of the United Nations said in the latest edition of its Food Outlook report. According to FAO, sugar prices, which recently surpassed 30-year highs, remain elevated and extremely volatile. In the oilseeds sector, firm prices reflect relatively slow growth in world production failing to keep pace with fast expanding demand, the report states. Meat prices have also risen but the increase has been far more contained so far. In the dairy sector, butter has already hit an all time high. Prices of internationally traded cassava have also soared to a record level this year with production in 2010 now forecast to decline for the first time in 15 years. Fish also registered large price gains, showing a strong recovery after sharp falls since the end of 2008. That is mostly because aquaculture producers responded to low prices by cutting stocks, which affected production. Strong demand in both developing and developed countries continues to underpin fish prices, FAO said. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Seven injured in massive gas station explosion in Armenia The Investigative Committee of Armenia has unveiled details about a massive explosion at a gas station on the Yerevan-Sevan highway. Pashinyan’s spokesperson denies intention to visit Baku for COP29 Pashinyan’s agenda doesn’t include a trip to Baku for the COP29 conference, his press secretary Nazeli Baghdasaryan has said. Russia accuses West of preparing invasion of CSTO countries NATO is preparing an invasion of the CSTO countries, the number of provocations in the air is growing, Sergei Shoigu has said. Lithuania sending €100,000 to help Armenia fight floods consequences Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. |