The Food and Agriculture Organization, FAO, has said global food prices rose in October to their highest level in 18 months.

The organisation said there was a sharp increase in the cost of vegetable oil.

The FAO Food Price Index tracks monthly changes in international prices.

It said the prices of food commodities reached 127.4 points last month, a two-percent increase from September.

This was said to be the highest since April 2023 but still 20.5 percent lower than the peak reached in March 2022 following Russia’s invasion of agricultural powerhouse, Ukraine.

Vegetable oil prices increased by 7.3 percent in October, reaching a two-year high due to lower production.

Sugar prices rose 2.6 percent, dairy was up 2.5 percent and cereals gained 0.8 percent.

Meat was the only commodity to fall, down 0.3 percent from the previous month.

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