Slight fall in food price index

Global food prices fell 1 per cent or two points in the October 2012 Food and Agriculture Organisation’s (FAO) Food Price Index released on October 7, 2012. The index averaged 213 points, compared to September’s revised level of 215 points. According to the FAO, the decrease was mostly due to lower international prices of cereals and oils and fats, offsetting increases in dairy and sugar prices. According to Yang Saing Koma, president of the Cambodian Center for Study and Development in Agriculture (CEDAC), changes in the global rice price affect the Cambodia market. …

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