​Global Food Prices Re-Accelerate For Second Month As Situation Remains ‘Sticky’ – Tyler Durden

Global Food Prices Re-Accelerate For Second Month As Situation Remains ‘Sticky’ The Food and Agriculture Organization of the United Nations’ Food Price Index, which tracks the international prices of a basket of globally traded food, averaged 127.4 in October, up 2% from the prior month and 5.5% from one year ago. This index bottomed and turned higher earlier this year after peaking and falling for much of 2022-23.  October’s FAO Food Price Index rise is the second consecutive month of year-over-year increases.  The biggest driver of the FAO Food Price Index was the FAO Vegetable Oil Price Index, which spiked 7.3% in October,…  — Continue at ZeroHedge News : Read More