US EditionWorld food prices reach 19-month high in November, UN says
- Global food prices reached their highest level in 19 months in November, increasing to 127.5 points, as reported by the U.N. Food agency.
- Vegetable oil prices surged 7.5% from October and are 32% higher than a year earlier due to palm oil output concerns.
- The FAO forecasted a 0.6% decline in global cereal production for 2024, trimming it to 2.841 billion metric tons, still the second-largest output on record.
42 Articles
42 Articles
Global Food Prices Hit 19-Month High As Upward Momentum Sparks Fears Of Stickiness - Nemos News Network
The global benchmark for food commodity prices rose in November, reaching its highest level since April 2023. The increase was driven primarily by a surge in vegetable oil prices. What’s particularly concerning is that global food prices have resumed an upward trajectory this year, climbing steadily since the first quarter. The Food and Agriculture Organization […]
Why is the price of sunflower oil now skyrocketing?
In recent weeks, Mercadona, Dia, Eroski or Alcampo have raised the price of a product that, unlike olive oil, is marked by the evolution of imports.The largest olive oil cooperative believes it will go down to 6 euros and denounces that there are companies that mix it with sunflower and marc When olive oil begins to go down, sunflower oil takes the opposite direction.In recent weeks, some of the main supermarket chains have raised the price of t…
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