Grain price index in the world in October, as well as prices of sunflower oil rose compared to September due to uncertainty with the export of grain from Ukraine, says a press release of the UN Food and Agriculture Organization (FAO).

The FAO Food Price Index (FPI) reflects monthly movements in international prices of a basket of food commodities. It is based on the average values of price indices for five commodity groups, adjusted for the average share of each such group in the volume of exports between 2014 and 2016.

The FAO Cereal Price Index rose to 152.3 points (up 4.4 points from September, or 3%). FAO attributes this to continued uncertainty with the continuation of the Black Sea Grain Initiative.

The vegetable oil price index declined against September by 2.4 points, or 1.6%, to 150.1 points. This was caused by a decrease of world prices on palm, soybean and rapeseed oils that compensated the growth of sunflower oil prices, explained in FAO.

The sugar price index in October fell 0.7 points, or 0.6%, to 109 points from September. FAO notes that the decrease in October is mainly due to a favorable global supply outlook for the 2022-2023 season and expected production growth in India.

The dairy price index declined 2.5 points, or 1.7%, to 140.1 points by September. This was due to lower than expected purchases from China and sluggish spot demand as most importing countries have fully met their current needs, plus the impact of the euro's weakening against the dollar.

The FAO Meat Price Index fell 1.6 points to September, or 1.4%, to 118.4 points. Prices for lamb and pork decreased the most.