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China: World food price index hits 18-month high in October: FAO

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Storyline: World food prices rise to the highest level in 18 months in October, as weather disruptions and rising fuel costs intensified inflationary pressures, the United Nations Food and Agriculture Organization (FAO) reported on Friday. The FAO Food Price Index, a gauge tracking monthly changes in international prices of commonly traded food commodities including cereal, sugar, meat, dairy and vegetable oils,rose by 2.0 percent from September to 127.4 points in October, the highest since April 2023. The prices index of all categories rose except for meat, with vegetable oils jumping more than 7 percent from the previous month, fueled by concerns over production, the FAO said. The price index of sugar rose 2.6 percent from September amid concerns over the impact of prolonged drought on the 2024/2025 production outlook in Brazil, the world's leading sugar producer. The cereal price index edged up 0.9 percent from September as the import prices of wheat and corn rise. The dairy prices also gained 1.9 percent, mainly supported by the rising prices of cheese and butter. The only declining sub-index in October was for meat, which edged down 0.3 percent from September. FAO said increased supply in Western Europe was enough to compensate for higher demand in some markets. Shotlist: FILE: Rome, Italy - Dec 12, 2021: 1. UN flag; 2. Headquarters of Food and Agriculture Organization (FAO), flags; FILE: Los Angeles, USA - 2020: 3. Various of people in supermarket; FILE: Guangxi Zhuang Autonomous Region, south China - Date Unknown: 4. Various of grain field, harvester reaping crops; FILE: Fujian Province, east China - Date Unknown: 5. Various of ears of rice; FILE: Jiangsu Province, east China - Date Unknown: 6. Aerial shot of truck carrying grain; 7. Grain being poured to truck; FILE: Ukraine - Date Unknown: 8. Various of grain harvester in operation; 9. Various of grains being threshed; Zhaosu County, Ili Kazakh Autonomous Prefecture, Xinjiang Uygur Autonomous Region, northwest China - Recent: 10. Various of herders, livestock. [Restrictions : No access Chinese mainland]

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