The UN Food and Agriculture Organization’s global food price index dropped 0.5 percent in December. The drop was driven by falling prices for sugar, dairy, and cereal grains, outweighing a rise in meat prices. Despite the monthly decline, the index was 6.7 percent higher than a year ago. Year-on-year prices increased for meat by seven percent and dairy by 17 percent. Cereal grains and sugar saw declines of 9.4 percent and 10.6 percent, respectively.
