New numbers are out, showing a shift in global food prices. The FAO Food Price Index shows sharp increases in some areas, offsetting declines in others.
The Index rose half a percent in November, landing at its highest value since April of last year. Increases were driven by dairy products and vegetable oil.
Dairy was up a little more than half a percent during the month, while vegetable oil rose seven and a half percent. The cereal price index fell around three percent, while meats dropped nearly one percent.
