Global food prices surged to a near four-year high in September, according to data released by the Food and Agriculture Organization (FAO). The agency reported that benchmark indices for cereals, sugar, and vegetable oils saw an increase last month. Conversely, prices for meat and dairy products experienced a decline during the same period.
Economy
Global food prices reach nearly four-year high in September
According to the FAO, global food prices climbed to their highest level in nearly four years during September, driven by rising costs of cereals, sugar, and vegetable oils.
Source: The Business Standard