Global food prices dropped in October, led by lower dairy products. The United Nations Food and Agriculture Organization’s monthly Food Price Index averaged 176.4 points for the month of October, down 1.3 percent from September, while still up 2.5 percent from a year earlier. The Index is a measure of the monthly change in international prices of a basket of …
Global Food Prices Hit Three-year High
Global food prices reached a three-year high in July, according to the United Nations Food and Agriculture Organization. The FAO Food Price Index in July averaged 179.1 points in July 2017, up 2.3 percent from June and the third successive month of increases. The report says a combination of supply constraints and currency movements provided support to prices of most …