The United Nations Food and Agriculture Organization (FAO) said on Friday that global food commodity prices fell in September, led by a decline in sugar and dairy prices.
The organization's Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 128.8 points in September, down from a revised reading of 129.7 points in August.
The index rose 3.4% compared to the same month last year.
In a separate report, the Food and Agriculture Organization raised its forecast for global cereal production in 2025 to 2.971 billion tonnes, up from the 2.961 billion tonnes it projected last month.
The organization said the latest estimates represent a 3.8% increase over last year's production and the largest annual increase since 2013.
The upward revision was attributed to higher production forecasts for wheat, maize, and rice.
FAO: Global food prices decline in September
