Global food prices overall more reasonable in 2014

Global food prices overall more reasonable in 2014

Food prices fall for third consecutive year in 2014 as all commodity groups except for meat decline.

THE stronger U.S. dollar, declining oil prices and the large supply of grain contributed to a drop in global food prices in December, according to the U.N. Food & Agriculture Organization's (FAO) monthly calculation of the Food Price Index.

FAO's Food Price Index is a trade-weighted index that tracks prices of five major food commodity groups on international markets. It aggregates price subindices of cereals, meat, dairy products, vegetable oi

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