World Food Prices Hit 10-Year Peak: FAO

World Food Prices Hit 10-Year Peak: FAO
A farmer shows his hand as he harvests wheat on Qalyub farm in the El-Kalubia governorate, northeast of Cairo, Egypt, on May 1, 2016. Amr Abdallah Dalsh/Reuters
Reuters
Updated:

PARIS—World food prices rose for a second consecutive month in September to reach a 10-year peak, driven by gains for cereals and vegetable oils, the United Nations food agency said on Thursday.

The Rome-based Food and Agriculture Organization (FAO) also projected record global cereal production in 2021, but said this would be outpaced by forecast consumption.