World meals value index unchanged in November: FAO

The United Nations meals company’s world value index was unchanged in November from the month earlier than, with decrease worldwide cereal costs offset by larger costs of vegetable oils.

The Meals and Agriculture Group’s (FAO) value index, which tracks probably the most globally traded meals commodities, averaged 120.4 factors in November, 10.7% decrease than final November.

In a separate report on cereal provide and demand, the FAO raised its forecast for world cereal manufacturing this 12 months to 2.823 billion metric tons, versus a earlier estimate of two.819 billion, and up 0.9% from 2022.