Global food prices rose in October to their highest level in 18 months, with a sharp increase in the cost of vegetable oil, according to the Food and Agriculture Organization.
The FAO Food Price Index, which tracks monthly changes in international prices of a basket of food commodities, reached 127.4 points last month, a 2 per cent increase from September, reports AFP.
It was 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 was the only commodity to fall, down 0.3 per cent from the previous month.
Bd-pratidin English/ Fariha Nowshin Chinika
