Global food prices fall in October: Why wheat, dairy and meat are getting cheaper

 In October, global food prices saw a decline, largely influenced by falling prices in the dairy, cereal, and meat categories. The FAO Cereal Price Index noted a substantial drop, attributed to positive production forecasts and weaker demand. Conversely, sugar prices escalated due to adverse weather affecting Brazil’s sugarcane. Meanwhile, vegetable oil prices rose slightly amid unstable oil market trends. In October, global food prices saw a decline, largely influenced by falling prices in the dairy, cereal, and meat categories. The FAO Cereal Price Index noted a substantial drop, attributed to positive production forecasts and weaker demand. Conversely, sugar prices escalated due to adverse weather affecting Brazil’s sugarcane. Meanwhile, vegetable oil prices rose slightly amid unstable oil market trends.