Wheat prices up again due to tighter supplies in U.S.: FAO

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Wheat prices up again due to tighter supplies in U.S.: FAO

STORY: Wheat prices up again due to tighter supplies in U.S.: FAO DATELINE: Nov. 6, 2022 LENGTH: 00:01:36 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of the Rome-based United Nations Food and Agriculture Organization 2. various of farmland 3. various of wheat products and supermarket STORYLINE: World wheat prices rose by 3.2 percent in October partially due to tighter supplies from the U.S. following a downward production revision, the Rome-based United Nations Food and Agriculture Organization's (FAO) Food Price Index showed on Friday. The index was unchanged from September after six consecutive months of decline. The grains and cereals sub-index rose by 3 percent, building on a 2.2 percent increase a month earlier. The FAO explained this by "continuing uncertainties" about a program that allows Ukraine to safely export wheat from its Black Sea ports due to its conflict with Russia. Lower production levels in the United States were also a factor, it said. Corn prices rose by 4.3 percent, refl

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