World food

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Global food prices jumped toward a record last month, further adding to the surging cost of living for consumers.

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The United Nations’ index of prices rose 1.1% in January, pushed up by more expensive vegetable oils and dairy.

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The commodities tracked by the gauge are used in most grocery store products or fed to animals from which those items are produced.

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Sugar marked the only commodity that eased during the month, while costs for meat, grain, dairy and vegetable oils rose.

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Crop supplies also face risks from bad weather and geopolitical tensions.

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A dry spell has hit South American soy fields, while palm oil prices have reached a record due to labor shortages and export restrictions.

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World food

prices jumped toward

a record last month

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