Prices of food drop to lowest levels since 2010

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A young girl at an outdoor vegetable market in Manila. UN Photo/Jean Pierre Laffont

Prices of food in August dropped to their lowest levels since September 2010, according to the UN Food and Agriculture Organization (FAO).

The UN agricultural agency attributes the drop to improved production outlook due to good weather conditions in key growing regions.

The FAO's monthly Food Price Index is a measure of the monthly change in international prices of a basket of food commodities which include cereal, dairy, oils, sugar and meat.

Peter Thoenes  is an Economist with FAO in Rome.

"This month we have seen a drop compared to July, 3.6 per cent, which is considerable but even more important is a comparison in historical terms. We are having actually a four year low. The Food Price Index hasn't been as low since September 2010." (15")

FAO says the exception was meat prices which went slightly upward.

Stephanie Coutrix, United Nations.

Duration:  56″

 

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