ROME: Global sugar prices settled down in October, following sharp increases in previous months, the United Nations Food and Agriculture Organisation (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.However, the FAO said that sugar prices declined 2.2 per cent in October, after surging 9.8 per cent the previous month to reach their highest level since 2010.Despite the modest decline in October, global sugar prices were still 46.6 per cent above a year ago, after having climbed in eight of the last 12 month
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