The fall of the FAO Food Price Index continues

In October 2023, the average value of the FAO Food Price Index was 120.6 points, which is 0.7 points (0.5%) lower than in September, indicating a continuing downward trend. The index was also 14.8 points (10.9%) lower than the corresponding figure for the same period last year. This slight decline in October reflects a fall in the price indices for sugar, cereals, vegetable oils and meat. At the same time, the price index for dairy products has moved to growth, ProAgro Group reports, citing the October report of the Food and Agriculture Organization of the United Nations.