World food prices fall 3.3 pct in December – UN FAO

World food prices fell in December from the previous month, as dairy, vegetable oil and sugar prices fell sharply, the food agency said on Thursday. United Nations.

The Food Price Index of the Food and Agriculture Organization of the United Nations (FAO), which measures monthly changes for a basket of grains, oilseeds, products dairy, meat and sugar, was 169.8 points in December, down 3.3% from November.

In 2017, the index averaged 174.6 points, up 8.2% from 2016, reaching its highest annual value since 2014, although food in international markets was still 24% cheaper than in 2011.

Source link