FILE PHOTO: A person reaches for merchandise at a grocery store aisle with vegetable oil in Cairo, Egypt, March 22, 2022. REUTERS/Mohamed Abd El Ghany
Paris, France — International meals costs rose in October to their highest degree in 18 months, with a pointy improve in the price of vegetable oil, the Meals and Agriculture Group mentioned on Friday.
The FAO Meals Value Index, which tracks month-to-month adjustments in worldwide costs of a basket of meals commodities, reached 127.4 factors final month, a two-percent improve from September.
READ: World meals costs drop for seventh month, says FAO
It was the best since April 2023 however nonetheless 20.5 % decrease than the height reached in March 2022 following Russia’s invasion of agricultural powerhouse Ukraine.
Vegetable oil costs elevated by 7.3 % in October, reaching a two-year excessive attributable to decrease manufacturing.
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Sugar costs rose 2.6 %, dairy was up 2.5 % and cereals gained 0.8 %.
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Meat was the one commodity to fall, down 0.3 % from the earlier month.
The FAO is an company of the United Nations.