date:Jan 14, 2014
and vegetable oils.
Good harvests nudge cereal and sugar prices down
The FAO Cereal Price Index averaged 191.5 points in December, down 2.8 points from November, and the lowest monthly value since August 2010. Large global supplies, following record harvests in 2013, continued to exert downward pressure on international prices of wheat and maize in particular. By contrast, rice prices were up slightly in December.
For all of 2013, the Cereal Price Index averaged 219.2 points, down as much as