date:Feb 08, 2014
cent and 3.8 per cent respectively.
The FAO Cereal Price Index averaged 188.4 points in January, down 3 points, or 1.6 per cent, from December and as much as 56 points, or 23 per cent, below January 2013. Bumper crops in 2013 helped to boost inventories, which, along with large export supplies, have pushed down international prices of cereals to well below their high levels in 2012 and early months of 2013. With early prospects for 2014 crops also favourable, prices of most cereals declined fu