World food prices surged in October to an 18-month high marking the highest level since April 2023, with general rises across most food staples led primarily by vegetable oil prices with the largest increase of 7.3%.
In April, the global benchmark for food commodity prices ticked upwards, as declines in sugar and dairy products were outweighed by increase in meat prices, vegetable oils and cereals according to the Food and Agriculture Organization of the United Nations (FAO).
