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FAO Food Price Index Falls in October


The United Nations Food and Agriculture Organization Food Price Index fell 0.7 points or 0.5 percent to 120.6 points in October.  The continuing downward trend has resulted in an eleven percent reduction in the Food Price Index over 12-months.  Components of the Food Price Index that fell included cereal prices by 1.0 percent from September, vegetable oils down 0.7 percent and meat and poultry lower by 0.6 percent representing the fourth consecutive monthly decline in this category.