The decline in December was led by drops in the international prices of major cereals and oils/fats. For 2012 as a whole, the Index averaged 212, 7.0 percent less than in 2011, with the sharpest declines registered by
sugar (17.1 percent),
dairy products (14.5 percent) and
oils (10.7 percent).
The 2012 price falls were much more modest for
cereals (2.4 percent) and
meat (1.1 percent).
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