World food prices dip in October, but remain higher than a year ago

Yahoo Finance · By Sybille de La Hamaide ·

By Sybille de La Hamaide PARIS, Nov 6 (Reuters) - World food prices edged lower in October as weaker import demand contributed to monthly declines in cereal,...

By Sybille de La Hamaide

PARIS, Nov 6 (Reuters) - World food prices edged lower in October as weaker import demand contributed to monthly declines in cereal, dairy and meat prices, but were still nearly 6% higher than a year earlier, the United Nations' Food and Agriculture Organization said on Friday.

The FAO Food Price Index, which tracks monthly changes in international prices for a basket of food commodities, averaged 133.9 points in October, down from a revised 135.6 in September.

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