World food price index ends 2023 some 10% below 2022 levels

The United Nations food agency's world price index ended last year about 10% below its year-earlier level, with values in December also down from the previous month.

The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 118.5 points in December, down 1.5 per cent from November and down 10.1 per cent from December 2022.