World food prices fall to lowest in more than two years in Nov

Customers browse produce during the grand opening of the Lidl Ltd. store in Virginia Beach, Virginia.

Benjamin Boshart | Bloomberg | Getty Images

Customers browse produce during the grand opening of the Lidl Ltd. store in Virginia Beach, Virginia.

World food prices declined in November to their lowest level in more than two years, led down by much weaker vegetable oil, dairy and cereal prices, the United Nations food agency said on Thursday.

The Food and Agriculture Organization’s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 160.8 points last month, down from a revised 162.9 in October, reaching its lowest level since…

Click Here to Read Full Article…