The index averaged 120.6 issues in Octobe
7 November 2023
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The United Countries meals company’s international value index fell in October to its lowest degree in additional than two years, pushed by way of declines in sugar, cereals, vegetable oils and meat, reported Reuters.
The Meals and Agriculture Group’s (FAO) value index, which tracks essentially the most globally traded meals commodities, averaged 120.6 issues in October, down from 121.3 for the former month, the company mentioned on Friday.
The October studying was once the bottom since March 2021.
In a separate record on cereal provide and insist, the FAO maintained its forecast for international cereal manufacturing this 12 months at 2.819 billion metric heaps, up 0.9% from the former 12 months.