The Food and Agriculture Organization of the United Nations (FAO) food price index stood at 124.4 points in September, up 3% from last August and 2. 1% more than its value recorded a year earlier.
This index, which tracks the monthly evolution of international prices of a set of food products at the global level, thus posted its largest increase in 18 months, according to the FAO which attributes this progression to the sugar price index which gains 10.4%.
Cereal prices increased by 3% month-on-month, mainly due to the increase in export prices of wheat and corn, an increase partially offset by competitive prices for supplies from the Sea region. Black.
World corn prices also rose, driven by low water levels in the Madeira River in Brazil and the Mississippi River in the United States of America, which are key transportation routes, while the price index of all types of rice fell by 0.7%.
As for the prices of vegetable oils, they have climbed 4.6% since August, with the prices of palm, soybean, sunflower and rapeseed oils all having increased.
As for the dairy product price index, it increased by 3.8%, while meat prices showed an increase of 0.4%, according to the same source.
