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FAO Food Price Index Up a Notch

2016-04-13 02:00:00| ThePigSite - Industry News

GLOBAL - The FAO Food Price Index (FFPI) averaged 151.0 points in March 2016, up 1.0 per cent from February, but almost 21 points (12.0 per cent) below its March 2015 level. The main feature last month was the strong rebound in sugar prices, which, combined with a further increase in vegetable oil quotations, more than offset a plunge in dairy values. International prices of the other commodities used in the calculation of the FFPI changed little.

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