Global food prices down 7%
on 10/01/2013 10:29:22
The UN's Food and Agriculture Organisation says prices fell in December for the third month in a row.
The Food Price Index averaged 212 points in 2012, a drop of 7%, owing largely to falls in the prices of sugar, dairy products and oil.
A monthly measure of changes in a basket of food commodities showed prices dropped in December by 1.1% to 209 points, down for the third month from the 263 points registered in August.