Question
The Food and Agriculture Organization's (FAO) All Rice
Price Index rose 2.8% in July from a month ago to its highest level in nearly 12 years as prices in key exporting countries jumped on strong demand and India's move to curb the exports. The index which tracks prices in key exporting countries, averaged _____ points in July against 126.2 points for the previous month.Solution
The Food and Agriculture Organization's (FAO) All Rice Price Index rose 2.8% in July from a month ago to its highest level in nearly 12 years as prices in key exporting countries jumped on strong demand and India's move to curb the exports.The index which tracks prices in key exporting countries, averaged 129.7 points in July against 126.2 points for the previous month. India, Thailand, Vietnam, Cambodia and Pakistan are among leading exporters of rice. China, Philippines, Benin, Senegal, Nigeria and Malaysia are key importers of the staple.
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