Global food prices have declined by nearly 20 per cent since March, 2022, but were 3.4 per cent higher than a year ago, reports the United Nations.
Its overall Food Price Index declined by seven-tenths of a per cent in September, with the sub-indices for cereal, dairy, sugar, and vegetable oil indices outweighing the rise in meat prices.
The Meat Price Index, one of five commodity sub-indices, has risen uninterrupted since February.
The meat index averaged 127.8 points in September, an increase of 0.9 points from the revised August level. For the last 12 months, the index is up 6.6 per cent or 7.9 points.
Beef prices continue to break record highs while pork and poultry prices were “largely stable,” the September report said.
