5 February 2015, Rome--- The FAO Food Price Index continued to decline in January, averaging 182.7 points for the month, or 1.9 percent below its December 2014 level. Lower prices reflect strong production expectations as FAO also raised its 2014 forecast for world cereal production to a record high and noted that early indications for crops in 2015 are favourable. The index has been on a downward path since April 2014. The January decline was partly influenced by robust inventories, continued strength in the U.S. dollar and weak crude oil prices.