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 says.
The Food and Agriculture Organization's 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 162.9 in October, reaching its lowest level since May 2016.
Global cereals output in 2018/19 was down 2.4 percent below last year's record high production, while wheat production was also down.