MercoPress. South Atlantic News Agency

January FAO Food Price Index down 1,6% from December but 6,2% higher year ago

The FAO Food Price Index, the benchmark for world food commodity prices, declined in January, averaging 124.9 points during the month, down 1.6% from its December level. The drop was driven by significant decreases in the international quotations for vegetable oils and sugar, FAO reported. Read full article