FAO's monthly food price index declined 1.7 percent in December to 188.6 points, led down by sugar and palm oil. The Food Price Index averaged 202 points for all of 2014, down 3.7 percent from 2013, marking the third consecutive annual decline.
Global staple food prices were broadly stable in November, as dairy and sugar prices dropped while vegetable oil and wheat and maize prices rose. The Food Price Index averaged 192.6 during the month, essentially unchanged from October and 6.4 percent below its level a year earlier.
Global staple food prices were broadly stable in October, as sugar and vegetable oil prices rose to offset declines in dairy and meat prices. The Food Price Index dipped to 192.3, technically its seventh consecutive monthly decline although only a marginal 0.2% drop from the revised September figure