FAO Reports Slight Decline in Global Food Prices for September
Rome: The benchmark of world food commodity prices saw a slight decline in September, driven primarily by decreases in the sugar and dairy price indices, as detailed in a recent report from the Food and Agriculture Organisation of the United Nations (FAO). According to Emirates News Agency, the FAO Food Price Index, which monitors monthly changes in the prices of globally-traded food commodities, averaged 128.8 points in September, a slight decrease from the revised August level of 129.7 points. Despite the monthly decline, the September index reflects a 3.4% increase compared to the same period last year. The FAO Cereal