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Increased stability in grain exports from Russia and Ukraine sent global prices for grains and cereals lower in November, said Food and Agriculture Organization (FAO) on Friday.
The broader FAO Food Price Index was flat compared to a month earlier, remaining near record highs, reports Xinhua.
According to the FAO, Russia's rejoining of the Black Sea Grain Initiative was a driving force in November, pushing global prices for wheat 2.8 per cent lower.
FAO's sub-index for grains and cereals, which includes wheat, also declined, though only by 1.3 per cent. The sub-index is the largest component in the main Food Price Index.
It said Black Sea ports, normally major trading hubs of wheat and other grains, have been unreliable since the start of the conflict between Russia and Ukraine in February, pushing prices to record highs earlier in the year.
Bd-pratidin English/Golam Rosul
