date:Jan 16, 2013
d.
Oils and fats continue to decline
The FAO Oils/Fats Price Index averaged 197 points in December, down 1.9 per cent, or four points, from November, the fourth consecutive monthly fall and the lowest level since September 2010.
The main reason was the continued buildup of large global inventories of palm oil. For 2012, the index averaged 225 points, as against 252 in 2011.
The FAO Meat Price Index averaged 176 points in December, down marginally from November.
Prices of all meat categori