World food prices reach 18-month high in October, UN says

Global food prices reach 18-month high

Paris, France — Global food prices rose in October to their highest level in 18 months, with a sharp increase in the cost of vegetable oil, the Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks monthly changes in international prices of a basket of food commodities, reached 127.4 points last month, a two-percent increase from September. READ: World food prices drop for seventh month, says FAO It was the hig…

Global Food Prices Re-Accelerate For Second Month As Situation Remains 'Sticky' - Nemos News Network

The Food and Agriculture Organization of the United Nations’ Food Price Index, which tracks the international prices of a basket of globally traded food, averaged 127.4 in October, up 2% from the prior month and 5.5% from one year ago. This index bottomed and turned higher earlier this year after peaking and falling for much of 2022-23.  October’s FAO Food Price Index rise is the second consecutive month of year-over-year increases.  The bigge…

Global Food Prices Reach 18-month High: FAO

Global food prices rose in October to their highest level in 18 months, with a sharp increase in the cost of vegetable oil, the Food and Agriculture Organization said on Friday.

World Food Prices Reach 18-Month High in October, UN Says

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World food prices reach 18-month high in October, UN says

World food prices rose in October to an 18-month high as vegetable oils led increases seen in most food staples, United Nations' data showed on Friday.

Global food prices reach highest level in 18 months

Increases signal grocery price pressures likely to rise further over the coming quarters