date:Jul 06, 2012
FAO relays the four-point drop in June brought the index to 201 points from Mays revised level of 205 points.
The FAO Food Price Index measures monthly change in average international prices of a basket of 55 food commodities. At present, the index is 15.4 percent below its peak, which was totaled in February 2011. As a result, the average prices of all commodity groups in the Index were below May levels; the largest decline was for oils and fats.
FAOs Oils/Fats Price Index averaged 221 points