The price of food staples continued to grow in November amid a global environment of strong demand and tight supply, according to the United Nations’ Food and Agriculture Organization (FAO).
The FAO’s Food Price Index, which measures the monthly change in the international price of cereal, dairy, meat, vegetable oils and sugar, jumped 1.6 points in November from the previous month to 134.4. That is the highest level in a decade and the fourth consecutive month the index has risen.
Prices of cereals and dairy saw the sharpest gains, followed by sugar, while prices of meat and vegetable oils fell slightly in November from the previous month.
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