World Food Costs Extend Slide to Five-Year Low as Dairy Tumbles

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Global food prices extended a slide to a five-year low last month as dairy prices tumbled, the UN’s Food & Agriculture Organization reported.

An index of 73 food prices from around the world dropped 0.9 percent last month to 165.1 points, the lowest since September 2009, according to a report released Thursday from the United Nations agency in Rome.