Abundant supply, uncertain markets and a strong US dollar combined to push down prices by almost 20%, according to FAO report
The FAO Food Price Index tracks prices on international markets for five major food commodity groups (meat, dairy, cereals, sugar and vegetable oils). In 2015 the index fell by almost 20%, the fourth consecutive year of decreasing prices. All groups showed a decline, with the dairy sector worst affected. Dairy prices fell 28.5% from 2014, marking the lowest annual average since 2009.
Published Friday 22 January 2016
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