Core Insights - Agricultural prices in Colombia increased by 7.8% year-on-year in October, while showing a slight decrease of 0.3% month-on-month, with the agricultural price index reaching 243.95 points and an overall increase of 8.2% for the year [1] Summary by Categories Price Trends - 63.6% of agricultural products experienced price increases across 33 subcategories [1] - Beef contributed the most to the index, rising by 2.42 percentage points [1] Key Products - Prices for bananas, tomatoes, cassava, and fresh milk also saw increases [1] - Conversely, prices for fresh eggs, cocoa, rice, and corn declined [1] Supply and Demand Factors - The rise in beef prices was primarily influenced by rainfall in the Caribbean and eastern plains regions, which led to reduced supply of cattle for slaughter [1] - Domestic consumption recovery and increased exports to Asia and the Middle East boosted demand for beef, making it a significant driver of the price index increase in October [1]