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Global food prices at 7-year low

India's cereal output to fall 1.8% on vagaries of weather, rice export by 20% in 2015: FAO

Global food prices hit a seven-year low in August

Global price of agricultural commodities fell to a seven-year low in August due to ample supplies, a slump in energy prices and concerns over slowdown in China. Measured by the Food and Agricultural Organization (FAO) of the United Nations, the food price index averaged 155.7 points in August, down 5.2 per cent from July, the steepest monthly drop since December 2008, with almost all major food commodities registering marked dips. The trade-weighted FAO Food Price Index tracks international market prices for five major food commodity groups — cereals, meat, dairy products, ...