US EditionWorld Food Prices Fall for Second Consecutive Month in October, UN’s FAO Says
- World food commodity prices decreased for the second month in October, with the FAO Food Price Index averaging 126.4 points, down from 128.5 in September, and 21% below its March 2022 peak.
- The decline reflects strong global supplies, particularly in sugar, dairy, and meat, according to FAO analysts.
- Consumers may benefit from reduced food prices, although fluctuations are possible due to weather and energy trends.
- The FAO forecasts record global cereal production of 2.99 billion metric tons in 2025, reflecting a 4.4% increase from 2024.
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26 Articles
The report, which records the changes in international prices, reveals that most of the food prices have been reduced. The Latinians had the largest drop, with a 3.4% reduction.
Global Food Prices Fall Again in October: FAO
The United Nations Food and Agriculture Organization (FAO) reported that world food commodity prices fell for the second straight month in October, reflecting strong global supplies. The FAO Food Price Index averaged 126.4 points, down from 128.5 in September, and stood 21% below its March 2022 peak. Why It Matters Falling food prices offer relief […] The post Global Food Prices Fall Again in October: FAO appeared first on Modern Diplomacy.
World food prices fell in October to their lowest level since January, with declines recorded in all categories except vegetable oils, the Food and Agriculture Organization of the United Nations announced today.
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