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@kfm Fri, 06 Dec 2024 10:15:59

World food prices reach 19-month high, UN says

BY REUTERS The United Nations’ world food price index rose in November to its highest level since April 2023, recording its biggest gain in 19 months on the back of surging vegetable oil prices, data showed on Friday. The price index, compiled by the U.N. Food and Agriculture Organization (FAO) to track the most globally traded food commodities, increased to 127.5 points last month from a revised 126.9 points in October, the highest level in 19 months and up 5.7% from a year ago. The vegetable oil index jumped 7.5% above levels seen a month ago and 32% above those seen a year earlier, driven by concerns over lower than expected palm oil output due to excessive rainfall in Southeast […] The post World food prices reach 19-month high, UN says first appeared on 93.3 KFM.

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