World food prices rise 2.7 in November FAO
India, Dec. 6 -- World food prices climbed 2. 7% in November compared to the previous month pushed higher by sharp rises in meat and vegetable oil prices according to information released by the United Nations Food and Agriculture Organization (FAO).The rise was part of an up-and-down year for the FAO index which saw prices rise for the first five months of the year then fall for three consecutive months before rising for the next three months. The overall index is now 9.5 percent higher than at the same point in 2018.Prices for grains and cereals -- the most significant component in the index -- slipped a modest 1.2% in November as wheat prices fell due to fierce competition from exporters and rice prices were lower due to low demand. Corn...
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