But high prices of non-cereal products still keep food import bills high, especially in developing countries. Despite recent drops in international food prices, the cost of the average food basket is 69 percent higher than six years ago.
Rome (03 June 2010) -- International prices of key food staples have dropped during the first five months of 2010 according to the latest edition of FAO's biannual Food Outlook report, released today.
The FAO Food Price Index averaged 164 points in May 2010, down from 174 points in January and substantially less than its peak of 214 in the spring of 2008, the report notes.
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