"Global food prices have fallen for the third month running. The UN's Food Price Index, which tracks a basket of food commodities, dropped by 1.2% in November, thanks to a drop in the cost of dairy products, meat, sugar and vegetable oils. That could help to push down inflation, if these reductions are passed onto consumers. Photograph: UN FAO However,"
"Meat prices dropped by 0.8%, driven by lower pig and poultry meat prices and the the removal of tariffs on beef imports into the US. Photograph: UN FAO Dairy prices fell by 3.1% in November, thanks to rising milk production and abundant export supplies in key producing regions, supported by ample butter and skim milk powder inventories in the European Union and seasonally higher output in New Zealand."
The UN Food Price Index fell 1.2% in November, marking a third consecutive monthly decline. Declines in dairy, meat, sugar and vegetable oils could reduce consumer inflation if price cuts are passed on. Cereal prices rose 1.8% because of potential Chinese interest in US supplies, continuing Black Sea hostilities and expected reduced plantings in Russia. Vegetable oils fell 2.6% to a five-month low; meat fell 0.8% aided by lower pig and poultry prices and removal of US beef import tariffs. Dairy fell 3.1% on higher milk production and ample EU stocks; sugar dropped 5.9% amid strong crops in Brazil, India and Thailand. Separately, Cloudflare experienced technical problems that took many websites offline and began investigating Dashboard and API issues after 9am UK time.
Read at www.theguardian.com
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