Global Food Prices Rose In October, Lifted By Growing Sugar Prices

   on November 07 2013 12:53 PM
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A vendor arranged price tags over a sack filled with sugar at a wholesale vegetable market in the western Indian city of Ahmedabad. Reuters

Food prices across the globe rose in October, after stumbling for five months, buoyed by rising cereal, edible oils and a surge in sugar prices.

The Food and Agriculture Organization’s price index averaged 205.8 points in October, up 1.3 percent from September, Reuters reports.

FAO said it raised its forecast for world cereal output in 2013-2014 to 2.498 billion tons, up about 10 million tons from FAO’s previous estimate taken last month.

 

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