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FAO: global food commodity prices fell in October, index down 1.6% from September
Summary
The Food and Agriculture Organization said the FAO Food Price Index averaged 126.4 points in October, down 1.6% from September and 21.1% below its March 2022 peak, reflecting ample supplies for internationally traded commodities.
The U.N. spokesperson, Farhan, said the Food and Agriculture Organization reported that global food commodity prices declined in October, with the FAO Food Price Index averaging 126.4 points — a 1.6% drop from September — and 21.1% lower than its March 2022 peak.
Farhan said the decline was driven largely by ample supplies of internationally traded food commodities. The spokesperson did not present national or retail price changes or estimates of impacts on particular countries in the briefing.
