For October 2019, FAO reported its Sugar Price Index (deflated) up 1.7 percent from the same month last year and up 5.8 percent from September 2019. This is the seventh consecutive up month following almost two years of year-on-year declines.
The composite Food Price Index was up YOY for a fifth straight month following two consecutive months of YOY declines. The Food Index was down 7.9 percent YOY in 2018; for 2019 to date, the Index is still weaker, down 1.0 percent from 2018.
Of the five subindexes, only Cereals showed a YOY decline in October 2019, down 1.0 percent from October 2018. For 2019 to date, trends are more mixed: Meat, up 2.1 percent; Dairy, up 1.3 percent; Cereals, down 2.4 percent; Oils, down 11.0 percent; and Sugar, down 1.0 percent.
Annual FAO Food Price Indexes (deflated)
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