08 Jan 2024 --- World food commodity prices end in 2023 about 10% below their year-earlier level, with the most notable decrease observed in international sugar quotations.According to the Food and Agriculture Organization of the United Nations (FAO) Food Price Index, the average index value stood at 118.5 points in December, 2023. This figure represents a 1.5% decline from November and a 10.1% decrease compared to December 2022.