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Food prices fall to lowest level since 2009

This article was originally published in Agra Europe

The UN Food and Agriculture Organisation (FAO) price index averaged averaged 166.8 points in May 2015, down 2.4 points (1.4%) from April and as much as 43.6 points (20.7%) below the corresponding month last year. Cereals and dairy products were responsible for much of last month’s decline, although meat quotations also fell, putting the food prices at the lowest level since September 2009.

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