Friday, 22 November, 2024
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Global food prices reach 18-month high: FAO

Global food prices reach 18-month high: FAO

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...

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