World food prices rise to ten-year high
New Delhi: Global food prices rose for the second month in a row in September to a ten-year high. The rise in cereal and vegetable oil prices has pushed up global food prices, according to the United Nations Food Agency. The Rome-based Food and Agriculture Organization (FAO) also expects global cereal production to be at record levels in 2021. The FAO's Food Price Index, which tracks the prices of globally traded food commodities, averaged 120.0 points in September, the highest since September 2011, the agency said in a report. This figure for August has been revised from 18.50 points to 16.50. On an annual basis, September saw a 2.50 per cent rise in prices. Prices of agricultural commodities rose last year due to a drop in harvest and demand from China. The FAO's Searle Price Index rose 2 percent in September compared to August. This index has increased due to the rise in wheat prices. Most pulses will have a special focus on wheat in the coming weeks as it remains to b...