(MENAFN- Qatar News Agency) Rome September 12 (QNA) - Global food prices continued to dip for the fifth month straight reaching their lowest level since September 2010 the United Nations agriculture agency reported Thursday. The Food and Agriculture Organization’s (FAO) price index – which measures monthly changes in the global price of a basket of meat dairy cereals oils and fats and sugar – averaged 196.6 points in August 2014 which is a 7.3 point (3.6 per cent) decrease compared to July. With the exception of meats prices for all of the commodities measured by the index dipped markedly. According to a statement to the press FAO’s sub-index for dairy products averaged 200.8 points in August down 25.3 points (11.2 per cent) versus July and 46.8 points (18.9 per cent) compared to a year ago- the result of abundant supplies for export coupled with reduced import demand.(QNA)
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.