Global Food Basket Gets Cheaper In October
\n\nGlobal food prices declined by 1.2 per cent in October, as cheaper cereals, dairy products and meat outweighed a sharp rise in sugar prices, according to the latest data released by the Food and Agriculture Organization (FAO) of the United Nations. The FAO Food Price Index, which tracks monthly changes in international prices of a basket of globally traded food commodities, fell to 133.9 points in October, reflecting subdued global demand and expectations of improved supplies of key food items.
\n\nThe FAO Food Price Index (FFPI), which measures monthly movements in international prices of a basket of globally traded food commodities, slipped to 133.9 points in October 2026. This marked a decline of 1.6 points, or 1.2%, from the revised September reading.
\n\nHowever, the easing in prices has not brought the index below its year-ago level. It was still 5.9% higher than in October last year, although 16.4% lower than its record peak of March 2022.
\n\nThe FAO Cereal Price Index falling 4.5 per cent from the previous month. International wheat prices reversed their four-month upward trajectory as weaker buying interest and improved production prospects in Argentina eased supply concerns.
\n\nExpectations of a…
Original source: https://www.timesnownews.com/business-economy
