Celia Bergin

Global food prices hit the highest level in 18-months in October, with unfavorable weather raising production concerns for many commodities and threatening to keep consumer costs higher for longer.

While the index tracks raw commodity costs rather than retail prices, the rise indicates that higher food prices may continue to hit consumers.

They piled into central London in their thousands, mostly on foot but some in tractors, with placards reading “No Farmers, No Food, No Future” and “The Final Straw” to protest the new Labour government’s decision to impose inheritance tax on farms for the first time in over three decades.

They piled into central London in their thousands, mostly on foot but some in tractors, with placards reading "No Farmers, No Food, No Future" and "The Final Straw" to protest the new Labour government's decision to impose inheritance tax on farms for the first time in over three decades.

(Bloomberg) -- Coffee futures extended their rampant rally to the highest in more than four decades in New York on global supply worries, threatening to further raise costs for consumers.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Hom

Arabica futures are on track for the biggest monthly jump in more than a decade, with a rally fulled by global supply concerns sending prices to near-record highs.

Coffee hit a record high in New York, on mounting worries over a global supply crunch that have made it one of this year’s hottest commodities.

After 25 years in the making, a trade deal between the European Union and South American Mercosur bloc is finally in sight. But EU farmers are on tenterhooks over how it will impact their business.

Futures for the arabica variety that's favoured in specialty brews have surged 80% this year. By Megan Durisin and Celia Bergin, Bloomberg

The European Union and South American nations have spent more than a quarter of a century trying to strike a deal on free trade. The negotiations took on new urgency this year as a looming trade war between the world’s biggest trading partners — the US and China — spurred other regions to seek out new commercial partnerships to soften the blow.