ROME (Reuters) - World food prices fell slightly in December to their lowest level since June, led by declines in cereals and oils prices, the United Nations' food agency said on Thursday.
The FAO Food Price Index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 209 points in December, down two points from November, the Food and Agriculture Organisation (FAO) said.
For 2012 as a whole, the index averaged 212, down 7 percent compared to 2011, driven by declines in sugar, dairy products and oils, FAO said.
(Reporting By Catherine Hornby)
Trending On Reuters
Record IPO Demand
A $75-million market debut for Indian parcel delivery firm VRL Logistics Ltd has encountered record demand, drawing bids for more than 70 times the number of shares on offer late last week, as investors bet on an e-commerce boom. Read