US EditionWorld food prices reach 18-month high in October, UN says
- World food prices rose in October to an 18-month high, with the U.N. reporting a price index of 127.4 points, up 2% from September.
- The FAO Vegetable Oil Price Index spiked 7.3% in October, reaching a two-year high due to production concerns.
- The FAO Sugar Price Index increased by 2.6% amid concerns over Brazil's 2024/25 production outlook due to dry weather.
45 Articles
45 Articles
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…
World food prices reached their highest levels in a year and a half in October. Higher vegetable oil prices contributed the most to this, while only meat became cheaper, the UN Food and Agriculture Organization (FAO) announced today, according to the French news agency AFP.
Official inflation index exceeds the Central Bank's target ceiling of 4.5% accumulated over the past 12 months
World Food Prices Reach 18-Month High in October, UN Says
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