Hike in global food prices, according to FAO
Figures by the Food and Agriculture Organization (FAO) of the United Nations has revealed that global food prices increased by over 24% compared to the same period last year. There has additionally been a rise in the price of vegetable oils which were set at an increase of 8.5%, placing the commodity at a record high. This was mainly due to the supply issues, including reduced palm oil availability from…
