World food prices reach 18-month high in October: UN

PARIS - World food prices rose in October to an 18-month high as vegetable oils led increases seen in most food staples, UN data showed on Nov 8.

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A price index compiled by the UN Food and Agriculture Organisation (FAO) to track the most globally traded food commodities increased to 127.4 points in October, up 2 per cent from a revised 124.9 points in September.

That put the index up 5.5 per cent from a year ago and marked its highest since April 2023, though it was 20.5 per cent below a record from March 2022 reached after Russia's invasion of Ukraine, the data showed.