FAO Food Price Index Rises in January
Global food prices began the year on a buoyant note, as the FAO Food Price Index averaged 164.8 points in January 2019, up 1.8 percent from the previous month.
A sharp rebound in dairy price quotations and firmer prices of palm and soy oils drove the increase, the United Nations agency said today. The Food Price Index, an indicator of the monthly changes in international prices of a basket of food commodities, was still 2.2 percent below its January 2018 level.
The FAO Cereal Price Index averaged 168.1 points in January, up marginally from December. Prices of the major grains were generally firm amid tightening export supplies and robust world demand.
International soy oil prices also rose on the back of...
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