FAO Food Price Index dips to lowest level since July 2010
The latest release from the FAO Food Price Index, which measures the monthly change in international prices of food commodities, shows that prices have reached their lowest level since July 2010.
Overall the Food Price Index averaged 179. 4 points in February 2015, down 1.8 points (1.0%) from its January 2015 value and 29 points (14.0%) below its level in February 2014, writes Amy Nora Fitzgibbon.
The Index has been on a declining path since April 2014 and it has now reached its lowest level since July 2010.
Vegetables and dairy are the only two commodity groups that have seen an increase in prices on January 2015. The rest of the groups, cereals, meat and sugar, have all seen a decline.
ADVERTISEMENT
Cereals were down 3.2% from January, meat was down 1.4% from its revised January value, and sugar was down 4.9%.
Dairy was up 4.6% from its January value, while vegetables enjoyed a slight increase of 0.4%.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Overall the Food Price Index averaged 179. 4 points in February 2015, down 1.8 points (1.0%) from its January 2015 value and 29 points (14.0%) below its level in February 2014, writes Amy Nora Fitzgibbon.
The Index has been on a declining path since April 2014 and it has now reached its lowest level since July 2010.
Vegetables and dairy are the only two commodity groups that have seen an increase in prices on January 2015. The rest of the groups, cereals, meat and sugar, have all seen a decline.
Cereals were down 3.2% from January, meat was down 1.4% from its revised January value, and sugar was down 4.9%.
Dairy was up 4.6% from its January value, while vegetables enjoyed a slight increase of 0.4%.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS