5 September 2013, Rome - The FAO Food Price Index dropped for the fourth month in a row in August reaching its lowest level since June 2012.
The index, which measures the monthly change in the international prices of a basket of food commodities, averaged 201.8 points in August 2013, nearly 4 points (1.9 percent) below its July value and 11 points (or 5.1 percent) less than in August 2012.
Last month’s decline was mainly driven by continued falls in the international prices of cereals and oils. Dairy, meat and sugar prices rose slightly.
[Read more>http://www.fao.org/news/story/en/item/195887/icode/]
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