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Falling sugar prices push global food prices down, says FAO

A customer compares sugar prices at Mama watoto supermarket in Kakamega town on March 23, 2023. [Mumo Munuve, Standard]

Global sugar prices settled down in October, following sharp increases in previous months, the United Nations Food and Agriculture Organization (FAO) said Friday.

Sugar has been the most volatile food commodity in recent weeks, amid concerns over supplies sparked by extreme weather in sugar-producing countries, high energy prices, and the impacts of the El Nino weather phenomenon.

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