PARIS, Sept 8 (Reuters) - The United Nations food agency's world price index fell in August to a new two-year low, reversing a rebound seen the previous month, as a decline in most food commodities offset increases for rice and sugar.
The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 121.4 points in August against a revised 124.0 for the previous month, the agency said on Friday.
In a separate report on cereal supply and demand, the FAO forecast world cereal production this year at 2.815 billion tonnes, down slightly from a previous estimate of 2.819 billion.
The revised forecast was nonetheless up 0.9% on 2022 and matched record output from 2021, the FAO said.
Reporting by Gus Trompiz; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
Persons:
Gus Trompiz, Hugh Lawson
Organizations:
United, Agriculture Organization's, FAO, Thomson
Locations:
United Nations, Ukraine