FAO Food Price Index declines in January for fifth consecutive month
FAO Food Price Index declines in January for fifth consecutive month
THE measure of world food commodity prices declined in January for the fifth consecutive month, led by lower international quotations for dairy, sugar and meat products, according to the Food and Agriculture Organisation of the United Nations (FAO) benchmark report.
The FAO Food Price Index (FFPI), which tracks monthly changes in the international prices of a basket of globally traded food commodities, averaged 123.9 points in January, down 0.4 per cent from December.
Declines in the price indic
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