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World food prices stable in October - Economic Policy

World food prices stable in October – Economic Policy

World food prices remained broadly stable in October, despite a slight rise in cereal prices linked to uncertainties on the Black Sea corridor, the Food and Agriculture Organization of the United Nations (FAO) said on Friday. ).

The FAO food price index, which tracks changes in international prices for a basket of commodities, fell very slightly from its level in September, and now stands at 135.9 points. .

“With the latest update, the index was down 14.9% from its all-time high reached in March 2022” after Russia invaded Ukraine, FAO said in a statement.

The FAO Cereal Price Index rose 3% in October, driven in particular by wheat, which gained 3.2% compared to September. This rebound reflects “mainly the uncertainties linked to the agreement on Ukrainian grain exports to the Black Sea”, the extension of which is not guaranteed beyond the November 19 deadline.

The FAO price indices for vegetable oils, dairy products, meat and sugar, on the other hand, have all declined.

The FAO food price index, which tracks changes in international prices for a basket of commodities, fell very slightly from its level in September, and now stands at 135.9 points. . “With the latest update, the index was down 14.9% from its all-time high reached in March 2022” after Russia invaded Ukraine, FAO said in a statement. The FAO Cereal Price Index rose 3% in October, driven in particular by wheat, which gained 3.2% compared to September. This rebound reflects “mainly the uncertainties linked to the agreement on Ukrainian grain exports to the Black Sea”, the extension of which is not guaranteed beyond the November 19 deadline. The FAO price indices for vegetable oils, dairy products, meat and sugar, on the other hand, have all declined.

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