Mumbai, Dec. 8 -- The FAO Food Price Index, which tracks monthly changes in the international prices of a basket of globally-traded food commodities, averaged 125.1 points in November, down 1.2 percent from its revised October level. The index has now declined for three consecutive months, standing 2.1 percent below its November 2024 level and 21.9 percent lower than its peak in March 2022.
The FAO Cereal Price Index increased by 1.3 percent during the month. Despite a generally comfortable global supply outlook and reports of good harvests in Argentina and Australia, global wheat prices rose by 2.5 percent in November, supported by potential Chinese interest in supplies from the United States of America, continuing hostilities in the Blac...