Grains and Pulses Finish 2018 Firmer

ROME - Jan 10/19 - SNS -- International food ingredient prices were relatively stable in December, with rising international cereal prices offsetting declines in sugar and dairy, according to the Food and Agriculture Organization of the United Nations (FAO).

The FAO Food Price Index averaged 161.7 points in December, compared to a revised level of 161.6 points in the previous month. The index averaged 168.4 points for the whole of 2018, down 3.5% from 2017 and almost 27% below the high point reached in 2011.

The STAT world pulse price index finished 2018 on a firmer note, rising 7% over November to close at 146 points. Across the 2018 calendar year, the index averaged 135.7 points, down 23% from 2017 and well below the recent peak of 211.4 for the 2016 calendar year. The general decline reflects reduced imports by India and increased competition among net exporting nations.