Good weather boosts world cereal production-crop projections up 14 million tonnes
11 September 2014, Rome--- FAO's monthly food price index registered another drop in August, continuing a 5-month downward run and reaching its lowest level since September 2010. The index's August average of 196.6 points represents a decrease of 7.3 points (3.6 percent) from July. With the exception of meat, prices for all of the commodities measured by the index dipped markedly.
Peter Thoenes is an Economist with FAO in Rome. In the following interview he elaborates on the drivers behind this month’s Food Price Index.
Produced by: Sandra Ferrari