2013 third highest year on record for FAO Food Price Index
9 January 2014, Rome – The FAO Food Price Index for December, released today, shows only a slight increase from November. However, the FAO Food Price Index for 2013 as a whole now averages 209.9 points, which is only 1.6 percent below 2012. These numbers for 2013 are the third highest on record. The Index is a measure of the monthly change in international prices of major food crops and commodities.
Mr Abdolreza Abbassian is a Senior Economist at FAO. In the following interview he discusses the main drivers behind recent price trends in international food market and what they mean.
Produced by: Sandra Ferrari