Business
Food Prices Skyrocketed To Highest Level In 18 Months – FAO
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 sald to be the highest since April 2023 but still 20.5 per cent lower than the peak reached in March 2022 following Russia’s invasion of agricultural powerhouse, Ukraine.
Read Also: Osun Digital Media Week: OOPA Opens Portal For Free Award Voting
Vegetable oil prices increased by 7.3 per cent in October, reaching a two-year high due to lower production.
Read Also: ‘Music Is Not That Hard’ – Paul Okoye Alleges Twin Brother, Peter Okoye Of Song Theft
Sugar prices rose 2.6 per cent, dairy was up 2.5 per cent and cereals gained 0.8 per cent.
Meat was the only commodity to fall, down 0.3 percent from the previous month.
-
Metro1 year agoHusband Of Osun Missing Police Cries Out To IGP For Help
-
National1 year agoLagere Flyover: Ooni Lauds Gov Adeleke, Urges To Do More On Stomach Infrastructure
-
National1 year agoOsun Monarch Threatens Journalists As Fake Doctor Nabbed Over Pregnant Woman’s Death Freed, Resumes Duty At Hospital
-
Education11 months agoOsun Poly Commences Sales Of HND Admission Application Form For 2024/2025 Session
-
Entertainment1 year agoBuried Alive Challenge : Man Speaks From Underground After 23 hours
-
National1 year agoNigerian Man Announces ‘Buried Alive For 24 Hours’ Challenge
-
National1 year agoBinance CEO Claims Nigerian Officials Demanded Crypto Payments To ‘Make Issues Go Away’
-
Politics1 year agoGov Ododo Spent 100 Days Serving Bello As Special Driver – Okai