Food price index stable for third month in a row

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An employee of the Moema Mills in Brazil harvests sugar cane in the field. UN Photo/Eskinder Debebe

The monthly food price index calculated by the UN Food and Agriculture Organization (FAO) has been reported as stable for the third month in a row.

The UN agency measures the monthly change in international prices of a basket of food commodities, which includes cereals, meat, dairy products, vegetable oils, and sugar.

For November, findings show that as vegetable oil and grain prices inched up, they offset ongoing declines in dairy and sugar prices.

After some volatile movements in recent years, FAO’s Food Price Index is now lower than in the previous four years.

Some recent declines came as a result of dissipating weather fears.

In Brazil for example, rain alleviated concerns about a prolonged drought that could have affected the world's largest sugar exporter.

Stephanie Castro, United Nations.

Duration:  51″

 

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