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The agency's numbers underscore the soaring global grain and oil prices.Vegetable oil prices hit record high after rising nearly 10% in October supply interruption High commodity prices, factory closures and political tensions are driving prices higher.
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The FAO said grain prices were up more than 22 percent compared to the previous year.
The price of wheat was one of the main factors driving this price hike. by nearly 40% in the past 12 months. After major exporters such as Canada, Russia and the US have poor yields.
In the case of cereals We are facing a situation that could be said to be climate change, which ultimately results in a decline in production,” Curtin Business School agribusiness expert Peter Batt We had a pretty bad year. [harvesting] in many places.
The FAO said the vegetable oil price index was driven by palm oil prices. Higher soybean, sunflower and rapeseed oils in the case of palm oil Prices have been driven higher after Malaysian output is "controlled" due to continued shortages of migrant workers, the FAO said.