12.09.2014 - Global Food prices continue to delcine on good weather, harvests
FAO's monthly food price index registered another drop in August, continuing a 5-month downward run and reaching its lowest level since September 2010. The index's August average of 196.6 points represents a decrease of 7.3 points (3.6 percent) from July. With the exception of meat, prices for all of the commodities measured by the index dipped markedly. Dairy led the pack, with FAO's sub-index for dairy products averaging 200.8 points in August, down 25.3 points (11.2 percent) versus July and 46.8 points (18.9 percent) compared to a year ago — the result of abundant supplies for export coupled with reduced import demand...............................................Full Article: Source
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