World food prices begin 2016 with a decline, according to the latest Food Price Index by the Food and Agriculture Organization of the United Nations. The index released Thursday for January shows a near two percent decline from December and a 16 percent decline from this time last year. The index averaged 150.4 points overall for January; that’s roughly three points lower than the December average. The prices of all commodities tracked by the Index fell, with sugar and dairy products registering the steepest declines. The Dairy Price Index fell three percent while the Sugar Price Index fell four percent, compared to December. Most prices fell on ample global supplies and weak export markets, according to the latest report.
Welcome
