World Food Prices Slip in September, says FAO

UN

World food prices slipped in September 2018, with only sugar posting a rise, the UN food agency said on Thursday.

The Food and Agriculture Organisation’s food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 165.4 points last month.

The figure is against a marginally revised 167.7 in August, which was previously given as 167.6.

FAO’s forecast for world wheat production in 2018 was almost unchanged on 722.4 million tonnes, the smallest since 2013.

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