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FAO Food Price Index: Food prices drop to lowest in five years

Food Navigator highlights new data Food and Agriculture Organisation’s (FAO) recent Food Price Index, which measures the monthly change in international prices of food commodities.

Their latest statement said that global food prices have dropped to their lowest level since July 2010 and that the dip was caused by improved supplies, falling crude oil prices and a strong US dollar.

Vegetables and dairy are the only two commodity groups that have seen an increase in prices on January 2015. The rest of the groups, cereals, meat and sugar have all seen a decline, said the food price index.

Details can be found on the FAO website here or for the FoodNavigator article see here

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