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FAO Food price Index Declines in October, But Volatility in Some Markets Remains
Food prices continued to decline, albeit more slowly, in October, according to the latest FAO Food Price Index. The Index was down 0.5 percent from September and 10.9 percent from October 2022.
Food Price Index Stable in September But Rice Prices Remain a Concern
The FAO Food Price Index remained virtually unchanged month-to-month in September and almost 24 percent lower than the peak reached in March 2022.
Food Price Index Declined in August, While Rice Prices Spiked
The FAO Food Price Index fell by around 2 percent in August, driven by declines in cereal, vegetable oil, dairy, and meat indices. This decline placed the Index 24 percent below the peak seen in March 2022. The major exception was rice prices, which saw a significant increase in August.
Rising Vegetable Oil Prices Drive Up FAO Food Price Index
While the FAO Food Price Index saw a minor increase in July, it remains 16 percent below its July 2022 levels. Rising vegetable oil prices drove the month-to-month increase.
FAO Food Price Index Continues Decline, But Concerns over Black Sea Grain Initiative Remain
Commodity prices continued to fall in June, according to the FAO Food Price Index, which declined 1.4 percent from its May level. This reflects at 23.4 percent drop from June 2022.