The index is a measure of the monthly change in average international prices of a basket of 55 food commodities. The index fell for the third consecutive month in June 2012, dipping 1,8% from May to its lowest level since September 2010. The average prices of all commodity groups in the index were below May levels, with the largest drop registered for oils and fats.
Read the full story in the 20 July 2012 issue of FW.
