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- World food prices climb for second month in September -FAO
World food prices climb for second month in September -FAO
Reuters reports that the United Nations food agency said that world food prices rose for a second consecutive month in September, driven by increases in cereals and vegetable oils, to remain about a third above their level a year ago.
FAO also raised slightly its projection of global cereal production in 2021, to 2.800 billion tonnes from 2.788 billion tonnes estimated a month ago.
FAO's food price index, which tracks international prices of the most globally traded food commodities, averaged 130.0 points last month compared with a revised 128.5 for August. On a year-on-year basis, prices were up 32.8% in September.
Agricultural commodity prices have risen steeply in the past year, fuelled by harvest setbacks and Chinese-fuelled demand.
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