International food prices jumped to a six-year high in November, according to the Food and Agriculture Organization of the United Nations (FAO) food price index. After an increase of 3.9 percent, the indicator is 6.5 percent higher than last year.
Original content
The indicator, which tracks changes in international trade prices for key foods, has not reached such highs since December 2014, the FAO reported. More people could starve to death this year than Covid-19 kills Vegetable oil price index is outstanding (14.5 percent) showed an increase with the release of demand for palm oil caused by the shrinking global inventories. The FAO grain price index has strengthened 2.5 percent since October and about 20 percent since November last year. Wheat exports have become more expensive due to subdued Argentine production prospects, as has corn due to lower emissions from the United States and Ukraine and purchases from China. Rice prices have remained stable in international markets. The sugar price index rose 3.3 percent due to the negative global production outlook and the expected adverse weather in the EU, Russia and Thailand. Eighteen-month highs were decided by a 0.9 per cent monthly rise in dairy prices due to higher butter and cheese ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.