date:Jul 04, 2014
The outlook for world supplies of cereals and vegetable oils improved in June, contributing to the third straight monthly drop in global food prices, the United Nations' food agency said on Thursday.
The Food and Agriculture Organisation's (FAO) price index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 206.0 points in June, down 3.8 points or 1.8 percent from May.
The figure was almost 2.8 percent below June 2013 and the lowest since J