World Food Prices Fall for Third Straight Month

Global food prices fell in November for the third consecutive month, driven by lower prices for all major staple foods except cereals, the Food and Agriculture Organization of the United Nations said.

The FAO’s food price index—which tracks a basket of widely traded food commodities—averaged 125.1 points in November, down 1.2% from October’s revised reading and more than 20% below the March 2022 peak after Russia’s invasion of Ukraine.