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Global food prices dip 1.2% in October
The FAO announced that the Global Food Price Index fell 1.2% in October to 133.9 points compared with September. Cereal prices dropped 4.5%, meat prices 1.2% and dairy prices 1.1%, despite a 0.3% rise in vegetable oil prices. Sugar prices climbed 6.6% for the fourth consecutive month, driven by rainfall disruptions in Brazil and production concerns in India, the European Union and Thailand, bringing the annual increase to 28.8%. The organization forecast cereal production of 2.999 billion tonnes in 2026. It also warned that 41 countries and territories, including 31 African countries, would need external food assistance.
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