{"id":23369,"date":"2023-11-04T19:27:22","date_gmt":"2023-11-04T19:27:22","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/all-news\/world-food-prices-fall-at-softer-pace-in-october"},"modified":"2023-11-04T20:03:35","modified_gmt":"2023-11-04T20:03:35","slug":"world-food-prices-fall-at-softer-pace-in-october","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/world-food-prices-fall-at-softer-pace-in-october","title":{"rendered":"World food prices fall at softer pace in October"},"content":{"rendered":"

Africa-Press – Eritrea. <\/strong><\/span>The UN Food and Agriculture Organization (FAO) reported on Friday that global food prices have dropped for the third consecutive month in October, although at a slower pace.<\/p>\n

The FAO Food Price Index averaged 120.3 points in October, reflecting a decrease of 0.5% from the previous month.<\/p>\n

The slight decline in October is attributed to lower price indices for sugar, cereals, vegetable oils, and meat, while the index for dairy products experienced a rebound.<\/p>\n

The FAO food price index is a trade-weighted index that tracks international market prices of five major food commodity groups.<\/p>\n

The cereal price index went down by 1% from the previous month due to lower rice and wheat prices.<\/p>\n

The vegetable oil price index decreased for the third month in a row, falling 0.7% month-on-month.<\/p>\n

“The marginal fall in the price index chiefly reflected lower world palm oil prices, more than offsetting higher prices of soy, sunflower and rapeseed oils,” read the report.<\/p>\n

The meat price index edged down by 0.6%, marking the fourth consecutive monthly decline with sluggish import demand leading to a fall in the international prices of pig meat.<\/p>\n

The sugar price index slipped 2.2% from the previous month, mainly led by a strong pace of production in Brazil.<\/p>\n

On the other hand, the index for dairy products rose 2.2% from September, shifting from a nine-month of fall. In October, surges in import demand fueled world milk powder prices hike.<\/p>\n

For More News And Analysis About Eritrea<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eritrea. The UN Food and Agriculture Organization (FAO) reported on Friday that global food prices have dropped for the third consecutive month in October, although at a slower pace. The FAO Food Price Index averaged 120.3 points in October, reflecting a decrease of 0.5% from the previous month. The slight decline in October […]<\/p>\n","protected":false},"author":84,"featured_media":23368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[242,243,233,2062,1257],"class_list":["post-23369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-eritrea","tag-eritrea","tag-fao-food-price-index","tag-food-prices"],"yoast_head":"\nWorld food prices fall at softer pace in October - Eritrea<\/title>\n<meta name=\"description\" content=\"The UN Food and Agriculture Organization (FAO) reported on Friday that global food prices have dropped for the third con ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/world-food-prices-fall-at-softer-pace-in-october\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World food prices fall at softer pace in October\" \/>\n<meta property=\"og:description\" content=\"The UN Food and Agriculture Organization (FAO) reported on Friday that global food prices have dropped for the third con ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/world-food-prices-fall-at-softer-pace-in-october\" \/>\n<meta property=\"og:site_name\" content=\"Eritrea\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-04T19:27:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-04T20:03:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2023\/11\/sm_1699115519.887451.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"863\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/world-food-prices-fall-at-softer-pace-in-october#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/world-food-prices-fall-at-softer-pace-in-october\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"World food prices fall at softer pace in October\",\"datePublished\":\"2023-11-04T19:27:22+00:00\",\"dateModified\":\"2023-11-04T20:03:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/world-food-prices-fall-at-softer-pace-in-october\"},\"wordCount\":251,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/world-food-prices-fall-at-softer-pace-in-october#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2023\/11\/sm_1699115519.887451.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eritrea\",\"Eritrea\",\"FAO\u00a0Food\u00a0Price Index\",\"food prices\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eritrea\/all-news\/world-food-prices-fall-at-softer-pace-in-october#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/world-food-prices-fall-at-softer-pace-in-october\",\"url\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/world-food-prices-fall-at-softer-pace-in-october\",\"name\":\"World food prices fall at softer pace in October - 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