Stable world food cost
Source: Agencies |
March 4, 2016, Friday
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Print Edition
Print Edition
WORLD food prices stabilized in February near a seven-year low as rising vegetable oil and meat prices offset declines in cereals, sugar and dairy, the United Nations food agency said yesterday.
Food prices have fallen for four straight years and remain under pressure from ample agricultural supply, a slowing global economy and a strengthening US dollar.
The Food and Agriculture Organization food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 150.2 points in February against a revised 150 points in January.
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