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FAO Food Price Index Down Seven per cent in 2012
date:Jan 14, 2013
national economy, helped ensure the price spike was short-lived and calmed markets so that 2012 prices ended up below the previous years levels.

The FAO Cereal Price Index averaged 250 points in December, down 2.3 per cent, or six points, from November. In 2012 as a whole, the index averaged 241, or 2.4 per cent below 2011.

After surging between July and September 2012 due to production uncertainties and tightening supplies, cereal export prices dropped because of weaker demand for feed and

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