World food commodity prices dropped 10.1 percent in December 2023 from a year earlier, the Food and Agriculture Organisation of the United Nations (FAO) reported Friday.

Values in December 2023 were also down from the previous month, further easing concerns over global food price inflation.

The food price index, which tracks changes in the international prices of a set of globally traded food commodities, averaged 118.5 points in December, down 1.5 percent from November (120.4 points).

For the whole of 2023, the index was 13.7 percent lower than the average value over the preceding year, with only the international sugar price index higher.