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World food prices hold steady in October: UN

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Agence France-Presse

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Sergei Ilnitsky, EPA-EFE" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2022/overseas/07/22/07222022-ukraine-grain-deal-set-for-signing-russia-batters-donbas-epa-efe.jpg"/><figcaption>A picture taken during a visit to Melitopol organized by the Russian military shows a Russian serviceman standing guard in a field near Melitopol, Zaporizhia region, southeastern Ukraine, July 14, 2022. The conflict in Ukraine has affected the availability and price of wheat worldwide. <em>Sergei Ilnitsky, EPA-EFE</em></figcaption></figure></div><p>PARIS—World food prices held steady in October, though cereal prices rose over uncertainty of a deal giving safe passage for Ukrainian grains on the Black Sea, a UN agency said Friday.</p><p>Global food prices have falling since hitting an all-time high in March in the wake of Russia&#x27;s invasion of Ukraine, one of the world&#x27;s top exporters of wheat and cooking oil.</p><p>The Food and Agriculture Organization said Friday its price index, which tracks the monthly change in international prices of a basket of food commodities, averaged 135.9 points in October, marginally lower from September.</p><p>But its cereal price index averaged 152.3 points in October, 4.4 points higher than in the previous month.</p><p>Wheat prices were up 3.2 percent, &quot;mostly reflecting continued uncertainties related to the Black Sea Grain Initiative,&quot; it said.</p><p>Ukraine is one of the world&#x27;s top producers and the Russian invasion had blocked 20 million tonnes of grain in its ports until the safe passage deal was agreed in July.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/11/03/22/russia-rejoins-deal-to-ship-vital-ukraine-grain-exports">Russia rejoins deal to ship vital Ukraine grain exports</a></li></ul><p>But Russia has yet to decide whether to extend the grain deal beyond November 19 -- the renewal date written into the original agreement brokered by the UN and Turkey to stave off a global food emergency.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/overseas/11/02/22/us-says-russia-doesnt-care-about-starvation">US State Department: Russia &#x27;doesn&#x27;t care&#x27; about starvation as grain stops</a></li>	<li><a href="https://news.abs-cbn.com/business/11/04/22/inflation-hits-77-pct-in-oct-highest-in-almost-14-years">Inflation quickens further to 7.7 percent in October, highest in nearly 14 years</a></li></ul><div><strong>© Agence France-Presse</strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/xO2hlym095U?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

World food prices held steady in October, though cereal prices rose over uncertainty of a deal giving safe passage for Ukrainian grains on the Black Sea, a UN agency said Friday.