October 4, 2018 / 8:08 AM / 17 days ago

World food prices dip in September -FAO

ROME, Oct 4 (Reuters) - World food prices slipped in September from the month before, with only sugar posting a rise, the United Nations food agency said on Thursday.

The Food and Agriculture Organization’s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 165.4 points last month, against a marginally revised 167.7 in August.

The August figure was previously given as 167.6.

FAO said global cereals output in 2018 was seen at 2.591 billion tonnes, up three million tonnes on the previous forecast given in September, but still down 63 million tonnes, or 2.4 percent, from 2017’s record production level.

FAO’s forecast for world wheat production in 2018 was almost unchanged on 722.4 million tonnes, the smallest since 2013. (Reporting by Crispian Balmer; Editing by Giulia Segreti)

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