FAO: food prices are on 10-year peak in October
Partly due to supply shortages and a significant rise in the price of vegetable oils and grains, food prices in the world rose in October for the third consecutive month compared to the previous month.
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FAO Vegetable Oil Price Index rises to record level
According to data released by the Food and Agriculture Organization of the United Nations (FAO) on Thursday, the October price index – the highest since July 2011 – was 133.2 points, 3 percent (3.9 points) higher than in September and 31.3 percent (31.8 points) higher than a year before. (MTI)
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