FAO: world food prices on a more than two-year low in November

World food prices declined to a more than two-year low in November, mainly due to the decline of oilseeds, dairy products and grain products.

The five basic food price indices monitored by the Food and Agriculture Organization of the United Nations (FAO) are standing on the lowest level since May 2016, reaching 160.8 points in November after the 162.9 points of October. (MTI)