The FAO Food Price Index (FFPI) averaged almost 172 points in December 2016, unchanged from November. For 2016 as a whole, the index averaged 161.6 points, down 1.5 percent from 2015, representing the fifth consecutive annual decline.
Italian snack manufacturer Preziosi Food (Mitica) integrated new frying, seasoning and packaging systems from leading processing and packaging solutions provider, tna, to launch a new line of batch-fried potato chips.
tna has announced the launch of a new vertical form fill and seal (VFFS) system with full washdown functionality. The announcement comes as tna confirms it acquired Sabalpack, a leading Italian manufacturer of all stainless steel VFFS technology.
The FAO Food Price Index averaged 172.6 points in October 2016, up 1.2 points (0.7 percent) from September and 9.1 percent above the corresponding month last year. Except for a short-lived drop in July, the Index has risen continuously since the start of the year.