2 months ago
UrduPoint
The FAO Food price Index, which tracks monthly changes in the international prices of a basket of commonly-traded food commodities, averaged 135.7 points during the month of November, a fraction below its level in October. The FAO Cereal Price Index declined by 1.3 percent from the previous month, but it was still up 6.3 percent from its value a year ago, FAO said. The FAO Vegetable Oil Price Index increased by 2.3 percent in November, ending seven consecutive months of decline. By contrast, world prices of all other meat types rebounded, led by higher quotations for ovine meat. Higher ethanol prices in Brazil also exerted upward pressure on world sugar prices.
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