The FAO's monthly food price index was largely stable in October, as increasing prices for sugar and vegetable oil were offset by declines in dairy and meat.
The FAO Food Price Index was down for a third consecutive month in June, as good supply and improved global production prospects for wheat, maize and palm oil lowered prices.
Sugar price increases have led to the first rise in the global food price index since April, but food commodity markets are becoming less volatile, according to the Food and Agriculture Organisation (FAO).
Food prices are likely to remain high during 2013 but fell 7% over the past year, calming fears of a renewed food price crisis, according to the UN’s Food and Agriculture Organization (FAO).
The Food and Agriculture Organization (FAO) food price index rose in September, up 1.4% from its August level, putting further pressure on manufacturers to pass on increased costs.
There has been a slight decline in global food prices in September but world cereal markets are set to remain tight, said the FAO in its latest evaluation of crop prospects and the global food production.
April saw sharp rises in grain prices due to exchange rates and oil prices, with the future curve to be determined by how much production increases and ability to replenish reserves.
Global food prices are on the rise again, the FAO warns, but a repeat of the 2007/08 spike does not look likely without the same disastrous confluence of factors.
