date:Sep 06, 2013
The Food and Agriculture Organisation (FAO) said on Thursday that cheaper food last month reflected declines in corn, wheat and edible oils prices.
Food prices surged during the summer of 2012 due to a major drought in the United States but prospects for a rebound in cereal supplies to record levels have reversed the price trend this year.
The FAO price index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 201.8 points in August, abou