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FAO: World food prices hit four-year high in September

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Story summary
  • FAO reported world food prices reached a four-year high in September.
  • The Food Price Index averaged 136.0 points in September, up from 134.0 in August.
  • FAO chief economist Maximo Torero warned logistics disruptions and El Niño could soon raise consumer food prices.
  • Severe El Niño concerns lifted international sugar prices to an 18-month high in September.
  • War-related Black Sea trade collapse pushed wheat futures to a three-year peak early September.