World Food Prices Slide to Lowest Since 2010 as Grain Costs Drop

Food prices extended a slide to the lowest since 2010 as grain costs tumbled amid ample world supplies, the United Nations’ Food & Agriculture Organization said. An index of 73 food prices from around the world fell 1.9 percent in January to 182.7 points, the lowest since July 2010, the Rome-based agency said in an online report Thursday. Record global grain harvests in the past year have contributed to sliding prices, helping pare inflation expectations in some countries at the same time energy costs declined from the previous year. <more>

Feb. 5, 2015 Bloomberg