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FAO report: Fish demand high, prices boosted May 04,2012   |  Source: TheFishSite

Global food prices measured by the FAO Food Price Index fell three points or 1.4 per cent from March to April 2012 but seem to have stabilised at a relatively high level of 214 points, FAO said.

The fall was the first after three consecutive months of increases and although the index is significantly down from its record level of 235 points in April 2011, it is still well above the figures of under 200 which preceded the 2008 food crisis.

The index was published in the latest FAO Food Outlook, a global market analysis which comes out twice a year. It noted that the prospects for the second half of this year and into the next indicate generally improved supplies and continuing strong demand.

Consequently the global food import bill in 2012 could decline to $1.24 trillion, down slightly from last year’s record of $1.29 trillion Food Outlook said.

Sustained demand for fish and fishery products is boosting aquaculture production worldwide and pushing prices higher, despite some consumer resistance in the more traditional markets in southern Europe.

Overall production for the year is expected to grow by 2.1 per cent to 157.3 million tonnes, thanks to a 5.8 per cent increase in aquaculture output that more than offset a small decline in capture fsheries following


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Theme(s): Fisheries Resources.

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