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2014 is third consecutive year of falling prices except for meat decline
8 January 2015, Rome--- FAO's monthly Food Price Index declined in December after three months of broad stability. Continued large supplies and record stocks, combined with a stronger US dollar and falling oil prices, contributed to the decline. The December Food Price Index averaged 188.6 points, a drop of 1.7 percent from November, led down by sugar and palm oil.
Abdolreza Abbassian is a Senior Economist at FAO in Rome. In the following interview he explains the underlying factors contributing to these trends, compares these figures to those of previous years, and provides a look ahead to 2015. (Interview conducted by Sandra Ferrari)
Produced by:
Sandra Ferrari
Reference:
10960
