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Food price index drops in December due to abundant supplies, slow economic growth - UN agency

Food price index drops in December due to abundant supplies, slow economic growth - UN agency

Jan 08, 2016, at 02:58 pm

New York, Jan 8 (Just Earth News/IBNS) Prices of major food commodities declined for the fourth year in a row in 2015 according to the UN Food and Agriculture Organization (FAO), averaging 19.1 per cent below their previous-year's levels, while the agency also reported on Friday that the dwindling global economy has triggered sharp price falls from metals to energy markets.