Global food prices start 2016 badly, drop to nearly 7-year low- FAO

The UN food agency said its international price index fell in January, slipping 1.9 percent below its level in the last month of 2015, as prices of all the commodities it tracks fell, sugar in particular. The FAO Food Price Index, a trade-weighted index tracking international market prices for five key commodity groups: major cereals, […]

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