Mumbai, Feb. 6 -- The measure of world food commodity prices declined in January for the fifth consecutive month, led by lower international quotations for dairy, sugar and meat products, according to the benchmark report released Friday by the Food and Agriculture Organization of the United Nations (FAO). The FAO Food Price Index, which tracks monthly changes in the international prices of a basket of globally-traded food commodities, averaged 123.9 points in January, down 0.4 percent from the previous month and 0.6 percent from its level a year earlier.
The FAO Cereal Price Index increased slightly by 0.2 percent from December, despite marginal declines of world wheat and maize prices.
The FAO Vegetable Oil Price Index increased by 2.1 ...