Escalation in World Food Costs


The Food and Agriculture Organization (FAO) of the United Nations reported an increase in the monthly Food Index to 100.9 points in October, up 3.1 percent from September and 6.0 percent above the corresponding month in 2019.


The largest contributor to the increase was the Cereal Price Index which rose by 7.2 percent over September and 16.5 percent above October 2019 value.


Escalation was recorded in vegetable oils (1.8 percent from September); dairy (2.2 percent); sugar (7.6 percent). In contrast he Meat Price Index was down 0.5 percent from September.