FAO: world food prices in September updated the record for 10 years

This is mainly due to the increase in prices for vegetable oils, cereals and sugar.

Thus, the vegetable oil price index increased by 1.7% by August, or 2.9 points, to 168.6 points. The increase is mainly due to the increase in prices for palm and rapeseed oil.

The grain price index in September rose by 2%, or 2.6 points, to 132.5 points, and wheat rose the most as a result of a reduction in export supply against the backdrop of active global demand. Barley has also risen in price.

The sugar price index in September amounted to 121.2 points (an increase of 0.6 points, or 0.5%). This is due to frost and drought in Brazil, the world's largest sugar exporter.

The dairy product price index rose to 117.9 points in September. The prices for skimmed milk powder and butter rose the most, the release says.

The meat price index was 115.5 points, showing an increase for the twelfth month in a row. Lamb and beef quotations have grown the most. This is mainly due to stable global demand with limited export supply. Prices for poultry meat decreased, which was facilitated by an increase in supply on the world market. World pork prices have also decreased, due to low import demand from China and sluggish domestic demand, primarily in Europe.