The index averaged 120.6 issues in Octobe
7 November 2023
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The United International locations meals company’s global worth index fell in October to its lowest stage in additional than two years, pushed by means of declines in sugar, cereals, vegetable oils and meat, reported Reuters.
The Meals and Agriculture Group’s (FAO) worth 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 stated on Friday.
The October studying used to be the bottom since March 2021.
In a separate document on cereal provide and insist, the FAO maintained its forecast for global cereal manufacturing this yr at 2.819 billion metric lots, up 0.9% from the former yr.