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World Food Prices Continue Rising in December
World food prices rose for the third consecutive month in December, as a strong rally in vegetable oil prices drove the FAO Food Price Index to its highest level in five years.
The FAO Food Price Index averaged 181.7 points during the month, a 2.5 percent increase from November and the highest level since December 2014.
For 2019 as a whole, the index - which tracks monthly changes in the international prices of commonly-traded food commodities - averaged 171.5 points, some 1.8 percent higher than in 2018 but...
World Food Prices Jump in November
World food prices rose significantly in November, reaching their highest point in more than two years, driven by jumps in the international prices of meat products and vegetable oils.
The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 177.2 points over the month, up 2.7 percent from October and 9.5 percent from the same period a year earlier.
The FAO Vegetable Oil Price Index rose by 10.4 percent in November, as palm oil price quotations rose amid robust global import demand, increased use for the production of biodiesels and expectations of possible...
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