Food prices rose to a 10-year high last month, hitting peak since July 2011 and extending the 30% increase recorded last year, according to a Food and Agriculture Organization (FAO) report. The surge was led by increases in cereal crops like wheat and vegetable oils. The FAO Food Price Index, which tracks the international prices of food commodities, is up 3.9 per cent from September, rising for a third consecutive[Read More...]
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