Global food prices at 7yr low
World food prices fell to near a seven-year low in January, weighed down by declines for agricultural commodities, particularly sugar. |||
Rome – World food prices fell to near a seven-year low in January, weighed down by declines for agricultural commodities, particularly sugar, the United Nations food agency said on Thursday. Food prices have fallen for four straight years and remain under pressure from ample agricultural supply, a slowing global economy, and a strengthening US dollar. The Food and Agriculture Organisation’s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, …read more
Source: Independent Online
