Global food prices hit 18-month high
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world food commodity pricesCNBC
•Business
Business & Economics
Food prices are at their highest levels in over a year. And these items will get even more expensive
91% Informative
In October , world food commodity prices were at their highest since April 2023 .
The FAO Food Price Index , which monitors the prices of five food baskets, rose by 2% in October .
From January to October , vegetable oils had the largest price spike, jumping 24% on the back of higher prices for palm, soy, sunflower, and rapeseed oils.
U.S. fruit and vegetables would be "greatly impacted" by policies proposed by President-elect Trump .
Trump recently said he will impose an additional 10% tariff on goods from China and a 25% duty for Canada and Mexico .
Mexico is a key supplier of a range of produce to the United States , including avocados, tomatoes, bell peppers, and strawberries.
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