World Food Price Index Rise 5% year-on-year in September – FAO



Crispian Balmer | Reuters

ROME (Reuters) – World food prices rose for a fourth month running in September, led by strong increases for cereals and vegetable oils, the United Nations food agency said on Thursday.

The Food and Agriculture Organization’s food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 97.9 points last month versus a downwardly revised 95.9 in August.

The August figure was previously given as 96.1.

The Rome-based FAO also said in a statement that worldwide cereal harvests remained on course to hit an annual record in 2020, even though it slightly trimmed its previous forecasts.

The agency’s cereal price index rose 5.1% in September from the month before and 13.6% above its value a year earlier.

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