Food prices increase by 1.4 per cent in September

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Dairy, poultry, pork help push Index up slightly

Global food prices rose by 1.4 per cent in September, according to the United Nations Food and Agriculture Organization (FAO).

The FAO says this is a slight increase following two months of stability.

Donn Bobb reports.

The FAO Food Price Index, based on the prices of a basket of internationally traded commodities, climbed to 216 points in September from 213 points in August.

FAO says the rise reflected strengthening dairy and meat prices and more contained increases for cereals.

Prices of sugar and oils, on the other hand, fell the agency adds.

It says that in recent months maize available for export has been shrinking resulting in prices remaining high.

There has also been a concern about tightening wheat supplies.

However, FAO adds, wheat prices fell towards the second half of the month following the announcement by Russia that it would not impose restrictions on exports.

Donn Bobb, United Nations.

Duration: 39″

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