Mumbai, Oct. 6 -- The benchmark of world food commodity prices declined slightly in September, led by drops in the sugar and dairy price indices, according to the new report released by the Food and Agriculture Organization of the United Nations (FAO) Friday. The FAO Food Price Index, which tracks monthly changes in the international prices of a set of globally-traded food commodities, averaged 128.8 points in September, versus a revised August level of 129.7 points. The September reading represents a 3.4 percent increase from a year ago.
The FAO Cereal Price Index declined by 0.6 percent from August. International wheat prices decreased for the third consecutive month amid subdued international demand and confirmation of large harvests in...