World Food Prices Steady at Two-Year Low on Cheaper Oilseeds
- Better supplies of oilseeds, some grains counter sugar rally
- Lower food-commodity costs should help ease grocery inflation
Rows of sunflowers in a field near Polykastro, Greece.
Photographer: Konstantinos Tsakalidis/BloombergThis article is for subscribers only.
Global food prices steadied at the lowest in more than two years as improving supplies of oilseeds and some grains countered sugar shortages.
A gauge of food-commodity costs was little changed in September, the United Nations’ Food and Agriculture Organization said Friday. The slump from a record set in March 2022 should eventually help ease grocery inflation that has been rampant since Russia’s invasion of Ukraine — and there are signs of that already happening in some countries.