World food prices fall in October, UN says
World food prices fell in October but were still nearly 6% above their level a year earlier, the United Nations' Food and Agriculture Organization (FAO) said on Friday. The FAO Food Price Index, which tracks monthly changes in international prices for a basket of food commodities, averaged 133.9 points in October, down from a revised 135.6 in September.
The index was 5.9% higher than a year earlier, but remained 16.4% below its March 2022 peak.
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