World food prices fell 2% in 2024: FAO
Caption: Representational image.
Stay tuned with 24 News HD Android App
World food commodity prices declined by 2.1 percent in 2024 compared to the previous year, mainly due to falls in cereals and sugar, the FAO said on Friday.
Last year, the UN Food and Agriculture Organization's price index for cereals dropped 13.3 compared to 2023 and its sugar price index fell 13.2 percent.
The decreases were offset in part by a 9.4-percent rise in the vegetable oil price index.
The United Nations' food agency tracks monthly and global changes in the international prices of a set of globally traded commodities.