FAO: Prices of Several Staples Up to Multi-Month Highs
The benchmark price index for food commodities rose in September, led by vegetable oils and cereals, according to a report from the Food and Agriculture Organization of the United Nations.
The FAO Food Price Index averaged 97.9 points during the month, up 2.1 percent from August and 5.0 percent higher than its value in September 2019.
The FAO Cereal Price Index rose 5.1 percent from August and is now 13.6 percent higher than a year ago. Higher wheat price quotations led the increase, spurred by brisk trade activity amid concerns over production prospects in the southern hemisphere as well as...
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