The Food and Agriculture Organisation of the United Nations (FAO) has said that global food prices declined in October, although they remained around 5.9% higher than in the same month last year.
FAO said its Food Price Index, which tracks monthly changes in the international prices of a basket of globally traded food commodities, averaged 133.9 points in October, down from a revised 135.6 points in September, an Emirates News Agency (WAM) report said.
The index remained 16.4% below its peak recorded in March 2022.—TradeArabia News Service
