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World food prices are falling
Since April of this year, world food prices have begun to decline. The fall in prices for dairy products, caused by the reduction in purchases of goods of this category by Russia and China, has led to the cheapening of all product groups.
The Food and Agriculture Organization of the United Nations (FAO) released information that in April 2014, the index, indicating the total value of the basket of products from cereals, oilseeds, dairy products, meat and sugar, reached 209,3 point. This is at an 3,5 point lower than in March, when the price level rose to its maximum height since May 2013. According to the FAO statement, the reason for the price decrease was the situation in Ukraine, which caused instability in the food market.