World / Other
FAO food price index falls 1.2% in October
The Food and Agriculture Organization’s benchmark world food commodity price index fell 1.2% in October, the United Nations said Nov. 6. Cereals, dairy and meat prices declined.
Source-checked brief: attributed UN primary-source account; no on-location reporting.
World food commodity prices fell 1.2% in October, with cereals, dairy and meat all declining, the UN Food and Agriculture Organization said, according to the UN spokesperson’s office on Nov. 6.
The FAO Food Price Index averaged 133.9 points for the month. Cereals posted the sharpest drop, down 4.5%, as wheat prices declined after four consecutive monthly increases and maize eased from a three-year high reached in September, according to the FAO figures cited by UN spokesman Stéphane Dujarric.
Sugar moved the other way, rising 6.6% to its highest level since 2024. The FAO attributed the increase mainly to rainfall disrupting the sugar cane harvest in Brazil’s main producing region, along with production concerns in India after a poor monsoon and forecasts of lower output in the European Union and Thailand.
Despite October’s decline, the index remains almost 6% higher than a year earlier, though still 16% below its peak in March 2022, the FAO said.
What we know / what we don't
What we know
- The Food and Agriculture Organization’s benchmark world food commodity price index fell 1.2% in October, the United Nations said Nov. 6. Cereals, dairy and meat prices declined.
What we don't know
- This brief is based on the attributed UN statement; it is not independent field reporting.
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