ANKARA 

World food prices fell in February due to a sharp fall in the export prices of vegetable oils, partly driven by coronavirus fears slowing the global demand, the UN food body said on Thursday.

For the first time in last four months, food prices dropped 1% on a monthly basis, averaging 180.5 points last month, the UN Food and Agriculture Organization (FAO) said.

The figure was still up 8.1% year-on-year.

Vegetable oil prices declined 10.3% from the previous month, with international palm oil prices falling more due to higher-than-expected output in Malaysia, a temporary drop in India’s import demand

Read more: Global food prices drop in February: UN body