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World 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.
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U.S. News broke the news in New York, United States on Friday, December 6, 2024.
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