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FAO Food Price Index falls 1 per cent due to lower cereal, oil prices
date:Nov 12, 2012
The Food and Agriculture Organisation (FAO) Food Price Index fell one per cent in October 2012, and for the first ten months of the year food prices were on average eight per cent lower than in the same period in 2011.

The Index dipped two points to 213 points from September's revised level of 215 points. The decline was largely due to the lower international prices of cereals and oils and fats, which more than offset increases in dairy and sugar prices.

Meanwhile the FAO Food Outlook, a bi-a

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