date:Jul 07, 2014
lower cereal, vegetable oil and dairy prices. Sugar prices also declined in June from May, but remained up from last year, while in contrast, meat prices on average increased from May.
Supply and demand
The FAO Cereal Price Index averaged 196.2 points in June, down 10.9 points (5.2%) from a revised value in May and 36.1 points (15.6%) below last year. The slide was mainly caused by lower wheat and maize prices, both of which fell by close to 7% amid further improved crop prospects and diminish