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Global Meat Prices Fall in October

17 Nov 2016

• 17 Nov 09:44

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The global Food Price Index from the UN's Food and Agriculture Organisation (FAO) averaged 172.6 points in October, up 0.7 per cent for the month and 9.1 per cent from a year earlier, with the staple grains' index rising for the first time in three months. The Food Price Index, which has risen continuously throughout 2016 except for a brief dip in July, is a trade-weighted index tracking international market prices for five major food commodity groups. October's rise was driven primarily by jumps in sugar and dairy prices.The FAO Dairy Price Index rose 3.9 per cent from September, led by rising prices of cheese and in particular butter, as a result. Read more...