World food prices fall again in October on declines in cereal and vegetable oils

The UN food agency's world price index for October was the lowest since March 2021.

Dairy bucked the downward trend in prices with the FAO index rising 2.4 points to 111.3 points following nine months of consecutive declines.

The UN food agency's world price index fell in October to its lowest level in more than two years, driven by declines in sugar, cereals, vegetable oils, and meat.

The Food and Agriculture Organisation's price index, which tracks the most globally traded food commodities, averaged 120.6 points in October, down from 121.3 for the previous month, the agency said in a report.