Global Food Prices on the Uptick.

Byline: Katharina Buchholz

In October, the price of food around the world increased at the fastest pace in two years, according to the UN Global Food Price Index. The rapid increase is now threatening food affordability in developing countries. According to Bloomberg, India was experiencing an increase in notoriously volatile onion prices, while China was struggling with pork becoming more expensive.

In India, the price of onions has risen 26 percent year-on-year. To keep prices under control, the country has ordered in onions from abroad, with around 6,000 tons coming from Egypt in December and 11,000 more tons just ordered from Turkey for...