The Food and Agriculture Organization (FAO) stated on Friday that global food prices rose in October to their highest level in 18 months.
The FAO Food Price Index tracks monthly changes in international prices and it was observed that the prices of food commodities reached 127.4 points last month, a two-percent increase from September.
According to the index, 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 while meat was the only commodity to fall, down 0.3 percent from the previous month.
The FAO is an agency under the United Nations (UN) with the mandate to “improve nutrition, increase agricultural productivity, raise the standard of living in rural populations and contribute to global economic growth.”