According to Bloomberg News Agency, global food prices steadied in October of last year, but the conflict in Ukraine prompted a decline in demand for basic goods.
The good weather has strengthened crop supply, such as barley, and the high inflation rate curbed the trade of some commodities, from cheese to pork, which helped reduce supply shocks across the Black Sea water and caused a decrease in the United Nations Monthly Food Index by 0.
1% in October brought it down to its lowest level since January.
The index fell for a seventh month, marking the longest decrease in nine years, while food prices slowed down growth in nations from Indonesia to Paraguay, lessening the severity of the conditions on families that are affected by the living crisis.
Today, Friday, the Food and Agriculture Organization of the United Nations (FAO) reported a decrease in the cost of dairy, sugar, vegetable oils, and meat.
The consistency of food prices worldwide in October
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