11 Jan 2019 --- Rising international cereal prices offset declining sugar and dairy quotations in December, according to the Food and Agriculture Organization of the United Nations (FAO), with global food prices remaining “broadly stable” last month. The FAO Food Price Index (FFPI) averaged 161.7 points in December, compared to a revised level of 161.6 points in the previous month. However, for the whole of 2018, the FFPI was down year-on-year.