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UN: Food prices near peak levels
The Food and Agriculture Organization of the United Nations (FAO) has revealed that global food prices rose in September to their highest levels in nearly four years, driven by logistical disruptions and concerns over the climate phenomenon El Niño. This has led to sugar prices reaching their highest peak in 18 months and wheat futures soaring to levels not seen in three years. The report also indicated that the food price index reached 136.0 points, the highest since November 2022, due to a combination of geographic disruptions and ongoing climate shocks. These factors may lead to higher food costs for consumers, especially in countries that rely heavily on food and energy imports.
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