FAO Food Price Index Registered Steady Meat Prices in August
GLOBAL - The FAO Food Price Index averaged 155.7 points in August 2015, down 8.5 points (5.2 per cent) from July, the sharpest monthly drop since December 2008. In addition to ample supplies, a number of other factors contributed to the decrease, including the slump in energy prices and concerns about China’s economic slowdown and its negative consequences on the global economy and financial markets. The decline affected all the commodities tracked by the index, except for meat, the prices of which remained generally steady.
14 September 2015
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