Global food prices rose in September at their fastest rate since March 2022, with sugar prices surging as dry weather and fires damaged Brazilian sugarcane crops, the Food and Agriculture Organization said Friday.
The FAO Food Price Index reached 124.
4 points in September, a three-percent increase from August.
The index tracks monthly changes in international prices of a basket of food commodities.
Its sugar price index surged 10.4 percent in September.
Vegetable oil prices rose 4.6 percent while the cereal index increased by three percent.
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