NASHVILLE, TENN. (RFD-TV) — The FAO Food Price Index for November reveals global food prices are continuing a downward trend. The index fell by more than 1 percent last month, marking the third straight month of declines.
Dairy, meat, sugar, and vegetable oil indices all fell, with sugar seeing the most significant drop at nearly 6 percent.
The cereal index was the only one to gain, rising just shy of 2 percent.
The overall index remains 22 percent off the record highs we saw back in March 2022.
Related Stories
Lower production and ending stocks could help corn prices recover, but weaker exports remain a concern.
Hog producers continue to face lower prices as demand for U.S. pork remains weak.
NCBA’s grassroots process allows local cattle industry concerns to become national policy priorities.
New projects in Texas will help landowners manage populations and protect their operations from further damage.
