The FAO's Food Price Index, (FPI) - a trade-weighted index that measures prices of five major food commodities on international markets - averaged 170.9 points in July 2019, slipping 1.1 percent below its level in June but up 2.3 percent from a year earlier.
Major food commodity prices fell in November, reversing about half their rise in the previous month, as the cost of internationally-traded staples, except for sugar, fell across the board. The FAO Food Price Index averaged 156.7 points in November, down 1.6 percent from its revised October average, and 18% below its value a year earlier.
Prices for major food commodities in July hit their lowest average monthly level since September 2009 as sharp drops in the prices of dairy products and vegetable oils more than offset some increases for those of sugar and cereals. Meat prices, meanwhile, remained stable.