Global food prices fall

FAO Food Price Index decreases the fourth month in a row.

In August, it reached its lowest level since June 2012 , said the report of the Food and Agriculture Organization ( FAO) , reports " Finmarket ».

index , which reflects the monthly change in international prices of major food basket of goods amounted to 201.8 points in August 2013 , that is down 4 points, or 1.9% , compared with the rate in July and by 11 points , or 5.1 % , as compared to August 2012 .  

decline in the previous month was mainly a result of the continuous decline in international prices for grains and vegetable oils and fats . Prices for dairy and meat products , and sugar have risen slightly .  

FAO price index for grain totaled 210.9 points in August , up 16.4 points ( or 7.2 % ) below the July figure and by 49.4 points, or 19 %, lower compared to the in August 2012 .  

sharp decline in prices due to forecasts of strong growth in cereal production in the world this year, and especially the significant reduction of grain reserves .  

FAO price index for meat increased by 2.2 points (1.4 % ) compared to July levels and totaled 175 points .