03 Feb 2023 --- For the tenth month in a row, the Food and Agriculture Organization (FAO) Food Price index – the benchmark index of food commodity prices – has dropped. The January decline was driven by drops in the price of vegetable oils, dairy and sugar, while cereals and meat prices remained largely stable.The index averaged 131.2 points in January, which was 0.8% lower than the prior month and 17.9% below its peak in March 2022.
