FAO January food price index shows oil and fats up, cereals down, dairy and beef unchanged

Monday, February 11th 2013 - 22:08 UTC

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FAO Food Price Index held steady at 210 points in January 2013 after three straight months of decline. Increases in oil and fats prices offset lower cereals and sugar quotations while dairy and meat values remained substantially unchanged. The pause in the Index's decline tallies with a significant upward revision in FAO latest forecast for 2012 world cereal production. This is now estimated at 2.302 million tonnes - 20 million tonnes up on December's forecast. Read full article

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