World food prices fall in December-FAO
ROME (Reuters) - World food prices fell slightly in December to their lowest level since June, led by declines in cereals and oils prices, the United Nations' food agency said on Thursday.
The FAO Food Price Index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 209 points in December, down two points from November, the Food and Agriculture Organisation (FAO) said.
For 2012 as a whole, the index averaged 212, down 7 percent compared to 2011, driven by declines in sugar, dairy products and oils, FAO said.
(Reporting By Catherine Hornby)
- Disruptive Hong Kong protests loom after China rules out democracy |
- Ukraine accuses Russia of 'open aggression' as rebels advance |
- Pakistani protesters clash with police, soldiers secure state TV |
- Europe holds nerve as Russia-Ukraine warnings ratchet up
- Dozens arrested at Made in America music festival in Los Angeles