FAO index declines 0.4%

In November, the food prices dropped worldwide by 0.4%. Falling sugar prices were partly offset by rising prices for edible oils. It announced today that United Nations Food Agency (FAO) in Rome.
Determine the FAO index on food once per month from the prices of cereals, oilseeds, dairy, meat and sugar. The index was now determined with 171,3 points, 0.4 points are less than in October but also 10.4% higher than in November 2015.
The FAO estimates the global grain production 2016/17 to 2,577 billion tons, 1.7% more than in the season before that.

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