Global marketsUpdated November 6

Cheaper staples outweighed a weather-driven sugar rally

The decline wasn't shared by every food group. Grains, dairy and meat prices fell, with the FAO pointing partly to weaker import demand. A sharp sugar rally pulled in the opposite direction; the Wall Street Journal attributed it to weather-related supply disruptions. The lower prices elsewhere outweighed the sugar jump, leaving the overall index down for the month.

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Coverage started November 6