Global food prices inched higher in November as surging vegetable oil and dairy costs pushed the UN Food and Agriculture Organization (FAO) Food Price Index to 127.5 points, its highest level since April 2023.
The index was up 0.5% from October and 5.7% from November 2023, the UN food body said.
While vegetable oil prices surged, declines in meat, cereal, and sugar prices offset the overall hike. The FAO Vegetable ...