FAO Food Price Index
- Recently, Food and Agriculture Organization (FAO) Food Price Index fell to a new two-year low as a decline in most food commodities offset increases for rice and sugar.
- It is a measure of the monthly change in international prices of a basket of food commodities.
- It consists of the average of 5 commodity group price indices weighted by the average export shares of each of the groups over 2014-2016, which includes cereals, vegetable oils, sugar, meat and dairy products.
- These commodities represent about 40% of gross agricultural food commodity trade, and they are chosen for their high and strategic importance ....
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