India, Feb. 10 -- International quotations for sugar and vegetable oils drive the FAO Food Price Index lower

TheFAO Food Price Index, the benchmark for world food commodity prices, declined in January, averaging 124.9 points during the month, down 1.6 per cent from its December level. The drop was driven by significant decreases in the international quotations for vegetable oils and sugar, the Food and Agriculture Organization of the United Nations (FAO)reported.The index, which tracks monthly changes in the international prices of a set of globally traded food commodities, was 6.2 per cent higher than its corresponding level one year ago but remained 22.0 per cent below its peak reached in March 2022.The FAO Sugar Price Index was down 6...