Food prices register fifth consecutive increase in October

Published 2020년 11월 5일

Tridge summary

The United Nations' Food and Agriculture Organization (FAO) has reported a fifth consecutive rise in the food price index, reaching a high of 100.9 points in October, which is 3.1% higher than September and 6.0% higher than October 2019. This increase is attributed to higher prices in cereals, vegetable oil, dairy, and sugar, while meat prices have decreased. Cereal prices have seen a significant increase due to high global demand, reduced export availability, and poor crop conditions. Vegetable oil prices have also risen, largely due to higher prices of palm oil and soybeans. Finally, dairy prices have also increased for the fifth month in a row, driven by higher prices of all dairy products represented in the index.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The food price index of the Food and Agriculture Organization of the United Nations (FAO) presented the fifth consecutive increase and reached an average of 100.9 points in October, 3.0 points (3.1%) above that registered in September, the highest level since February 2020. The index also increased by 6.0% compared to October 2019. The monthly result, according to FAO, was driven by the increase in the sub-indices for cereals, vegetable oil, dairy and sugar. On the other hand, the values for meat decreased, in relation to September levels. (function ($) {function bsaProResize () {var sid = "15"; var object = $ (". bsaProContainer-" + sid); var imageThumb = $ (". bsaProContainer-" + sid + ".bsaProItemInner__img") ; var animateThumb = $ (". bsaProContainer-" + sid + ".bsaProAnimateThumb"); var innerThumb = $ (". bsaProContainer-" + sid + ".bsaProItemInner__thumb"); var parentWidth = "730"; var parentHeight = " 145 "; var objectWidth = object.parent (). OuterWidth (); // var ...

Source: PortalDBO