World food prices fall in December-FAO

ROME Thu Jan 10, 2013 2:47pm IST

A labourer sits in front of stacked sacks of onions at a wholesale vegetable market on the outskirts of Jammu November 14, 2012. REUTERS/Mukesh Gupta

A labourer sits in front of stacked sacks of onions at a wholesale vegetable market on the outskirts of Jammu November 14, 2012.

Credit: Reuters/Mukesh Gupta

Border Security Force (BSF) soldiers ride their camels as they rehearse for the "Beating the Retreat" ceremony in New Delhi January 27, 2015. REUTERS/Ahmad Masood

"Beating The Retreat" Rehearsals

Rehearsals are on for "Beating the Retreat" ceremony which symbolises retreat after a day on the battlefield, and marks the official end of the Republic Day celebrations.  Slideshow 

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)

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

Reuters Showcase

Divestment Plans

Divestment Plans

ONGC share sale scheduled for this fiscal - oil minister.  Full Article 

Market Eye

Market Eye

Sensex, Nifty retreat from record highs on profit-taking.  Full Article 

Tech Talk

Tech Talk

Apple takes high road in China smartphone standoff with Xiaomi.  Full Article 

Business Strategy

Business Strategy

Uber scraps commissions for its New Delhi taxis.  Full Article 

Currencies

Currencies

China's yuan breaks into the world's top five as payment currency - SWIFT.  Full Article 

Job Cuts

Job Cuts

Sony to cut 1,000 jobs in smartphone business - sources.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage