Food prices across the world have risen to their highest levels in a decade on the back of tightening supply conditions coupled with robust demand, according to the Food and Agriculture Organization of the United Nations (FAO).
The FAO’s food price index, which measures world food commodity prices, surged 31.3 percent in the 12 months through October, coming in at a reading of 133.2 points, a level not seen since July 2011.
