Per FAO, the Food Price Index for January was down 2.2 percent year on year (YOY), marking the eighth consecutive month of YOY declines.
January’s Oils Price Index saw a double-digit drop, down 19.6 percent YOY, while the Sugar Price Index was down 9.0 percent YOY. This marks 15 straight months of YOY losses for the Oils Index, 21 months for sugar.
The Meat Index was down 2.7 percent YOY. Two indexes saw increases: Dairy, up 1.2 percent, and Cereals, up 7.3 percent.
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