World food prices rise 0.8 pct in September - UN FAO
World food prices rose slightly in September from the month before, buoyed by higher valuations in the vegetable oil and dairy sectors, the United Nations food agency said on Thursday.
The Food and Agriculture Organization`s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 178.4 points in September, up 0.8 percent from August.
Food prices on international markets were 4.3 percent higher than their values last September.
FAO raised its forecast for global cereals output in the 2017-18 season to 2.612 billion tonnes, slightly above last year`s record harvest. The agency also raised its forecast for global wheat production to 750.1 million tonnes.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.