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The growth of Global Food prices is slowing down

Global IndexesNov 21, 2022
The growth of Global Food prices is slowing down

Global food prices steadied in October, as supply disruptions caused by the war in Ukraine were partly offset by slowing demand for staples (Bloomberg Reported). As per the UN’s Food and Agriculture Organization, the price indices of all the covered commodity groups, except cereals, are down month-on-month.

Further, it is notable that fertilizer prices generally declined in October following lower demand.

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