Global food prices rise to highest level in more than three ...WorldThe Food Price Index rose by 0.6 percent from June to 131.1 points, supported by higher prices for cereals, sugar and vegetable oils, despite declines in meat and dairy prices. Prices have increased amid concerns over global grain supplies and the impact of weather conditions on agricultural production. Rome: Global food prices rose in July to their highest level in more than three years, driven by increases in cereal, sugar and vegetable oil prices amid concerns over global grain supplies and the impact of weather conditions on agricultural production. Data from the United Nations Food and Agriculture Organisation (FAO) showed that the Food Price Index rose by 0.6 percent from June to 131.1 points, supported by higher prices for cereals, sugar and vegetable oils, despite declines in meat and dairy prices. The vegetable oil price index climbed 2 percent, reaching its highest level since June 2022, supported by higher palm and soybean oil prices.