Economic News

The latest verified monthly FAO food-price release covers September 2026, published on 2 October. The index averaged 136.0 points, up from a revised 134.0 in August and its highest level since November 2022. Cereal, sugar and vegetable-oil benchmarks rose, while meat and dairy quotations …

On 27 October 2026, Brent crude slipped 0.86% to USD 114.81 per barrel and WTI fell 0.86% to USD 100.88 as diplomatic engagement with Iran tempered fears of disruption. The price retreat did not signal a return to normal supply conditions. Reports of renewed …

On 26 October, India extended an export relief scheme through March 2027 for businesses affected by disruption to shipping routes in West Asia. High freight rates and port congestion were among the pressures cited. The following day, renewed diplomacy involving Iran pushed oil prices …