World Food Prices Reach 18-month High in October, UN says

World food prices rose in October to an 18-month high as vegetable oils led increases seen in most food staples, United Nations' data showed on Friday.

A price index compiled by the U.N. Food and Agriculture Organization (FAO) to track the most globally traded food commodities increased to 127.4 points last month, up 2% from a revised 124.9 points in September.

That put the index up 5.5% from a year ago and marked its highest since April 2023, though it was 20.5% below a...

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