The food price index of FAO at the end of December dropped 3.3% to 169,8 points. At the same time, by the end of 2017, the index rose by 8,2% and amounted to 174,6 item is the highest average annual value in 2014.

It is noted that world prices in December dropped mainly due to the sharp decline in prices for dairy products and vegetable oils (of 9.7% and 5.6%, respectively).

In addition, a 4.1% decrease in the price index for sugar. At year-end, the cost was reduced by 11.2%, mainly due to good harvest in Brazil.

The meat price index in December declined slightly, and the grains remained stable for the third consecutive month, while wheat prices fell slightly, but corn and rice have increased.

Photo: georgiandairy.org