| FAO's monthly food price index was stable in November, as vegetable oil and grain prices inched up and offset ongoing declines in dairy prices. The Food Price Index averaged 192.6 points, marking the third consecutive month of stability. The Index now stands 13 points, 6.4 percent below its level in November 2013.
"The index appears to have bottomed out with higher probabilities for a rise in its value in coming months," said Abdolreza Abbassian, senior economist at FAO. After some volatile movements in recent years, FAO's Food Price Index, a trade-weighted index that tracks prices of five major food commodities on international markets, is now around its level of August 2010...............................................Full Article: Source
|