The Food and Agriculture Organization (FAO) has said global food prices rose in October to their highest level in 18 months.
This was contained in its FAO Food Price Index which tracks monthly changes in international prices.
According to the index, prices of food commodities reached 127.4 points last month, a two-percent increase from September.
This was sald to be the highest since April 2023 but still 20.5 per cent lower than the peak reached in March 2022 following Russia’s invasion of agricultural powerhouse, Ukraine.
Vegetable oil prices increased by 7.3 per cent in October, reaching a two-year high due to lower production.
Sugar prices rose 2.6 per cent, dairy was up 2.5 per cent and cereals gained 0.8 per cent.
Meat proved different, and was the only commodity to fall, down 0.3 percent from the previous month.
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