ROME, ITALY — The United Nation’s Food and Agriculture Organization’s (FAO) Food Price Index declined to a 55-month low in February, dropping 1% percent from January and 14% below its level a year earlier.
Lower prices for cereals, meat and especially sugar more than offset an increase in milk and palm oil prices.
The FAO Food Price Index averaged 179.4 points in February, down from 181.2 points in January and 208.6 points in February 2014.
Its ongoing decline — to its lowest level ...
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