World food prices went up in January due to the prices of vegetable oils
and dairy products, according to the Food and Agriculture Organization
of the United Nations (FAO).

In January 2022, the FAO Food Price Index averaged 135.7 points, which
is 1.1 percent higher than in December 2021. The Index tracks monthly
changes in the international prices of commonly-traded food commodities.
Vegetable oils were the major contributor to the price increase. FAO
reported that this increase was due to the reduced export availabilities
on top of other supply-side constraints, especially labor shortages and
unfavorable weather.

The prices of dairy products increased by 2.4 percent in January 2022,
which is the fifth month of consecutive increase. This is attributed to
reduced export availabilities from Western Europe and below-average
expectations for milk production in Oceania in the months ahead, as well
as the processing and transportation delays linked to COVID-19-related
labor shortages.

Global food prices rise in January (fao.org)
[www.fao.org]