November 2, 2010 / 8:48 AM / 9 years ago

FAO food price index hits 27-months high in Oct

MILAN, Nov 2 (Reuters) - Global food prices rose in October, with the FAO Food Price Index climbing for the fifth month in a row and reaching the highest level in 27 months, the U.N. Food and Agriculture Organisation said on Tuesday.

The index — which measures monthly price changes for a food basket composed of cereals, oilseeds, dairy, meat and sugar — averaged 197.1 points last months, up from an updated 188.7 points in September, and was the highest since July 2008, the FAO data showed. (Reporting by Svetlana Kovalyova; editing by Keiron Henderson)

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