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UN: World food prices peaked in October

Published Nov 5, 2021

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The Food and Agriculture Organization of the United Nations (FAO) announced today that international food prices have risen to a new peak, exceeding their levels since July 2011. In October, the average value of the FAO Food Price Index, which tracks fluctuations in world prices of the most traded food items on a monthly basis, was 133.2 points, which is 3% or 3.9 points more than in September. ; thus, the growth of this index continues for the third consecutive month. Compared to the previous month, FAO's cereal price index rose 3.2 percent in October due to deteriorating crop varieties in major exporting countries, including Canada, the Russian Federation and the United States, and lower global delivery prices. Wheat jumped 5 percent. Compared to the previous month, an increase in world prices was reported for the other main types of grain. The FAO vegetable oil price index rose 9.6 percent in October, the highest in history. This growth is due to the increase in quotations for ...
Source: Agroplovdiv
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