FAO: Global food prices hit a 10-year high

The Food and Agriculture Organization of the United Nations (FAO) announced that global food prices rose for three consecutive months in October, reaching a 10-year high.

The food price index of the FAO Food and Agriculture Organization, which monitors the international prices of the most traded food products globally, reached 133.2 points. The index was realized as 129.2 points in September.

The index, which tracks monthly changes in food products, reached its highest value since July 2011 in October.

On an annual basis, the index rose 31.3% in October.

Agricultural commodity prices rose sharply over the past year due to harvest disruptions and strong demand.

Source: NTV / Translated by Irem Yildiz

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