Last week, the UN Food and Agriculture Organisation released data showing its world Food Price Index (FPI) averaging 133.2 points in October, the highest since July 2011.
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No less significant, though, is the way the FPI has oscillated since the outbreak of Covid-19.
In May 2020, when the global economy was in the doldrums, it had collapsed to a four-year low of 91.1 points. From there to a ten-and-a-quarter-year-high now has been quite a climb.
Much of this roller-coaster has had to do with oil.
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