Global food prices rose sharply in January - UN

Published 2021년 2월 4일

Tridge summary

The Food and Agriculture Organization of the United Nations (FAO) has reported a sharp increase in food prices for the eighth month in a row, with the FAO Food Price Index reaching its highest level since July 2014, up by 4.3% in January. This increase is due to rising prices in grain, vegetable oils, and sugar. The rise in grain prices is attributed to high demand and lower than expected production, with specific increases in corn and wheat prices. Vegetable oil prices also rose, due to lower production in Indonesia and Malaysia, and sugar prices increased due to high global import demand and concerns about declining supply. The dairy price index also saw a slight increase, driven by purchases from China, and the meat price index increased due to high global demand for poultry meat.

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Original content

KIEV. February 4. UNN. Food prices rose sharply in January this year, the corresponding FAO index rose by 4.3 percent, reaching its highest level since July 2014. This was reported to UNN by the press service of the Food and Agriculture Organization of the United Nations. The FAO press service quoted: "In January, world food prices continued to rise for the eighth month in a row, with grain, vegetable oils and sugar prices rising the most," the FAO said. Details The FAO Food Price Index, which allows monthly monitoring of fluctuations in world prices for the most popular food products, reached 113.3 points in January, which is 4.3% higher than in December 2020, reaching its highest level since July 2014. FAO's grain price index increased by 7.1% compared to the previous month, which was due to a sharp increase in international corn prices, which rose by 11.2%, exceeding the level of January 2020 by 42.3%. This was explained by the FAO's further reduction in global supply amid ...

Source: Unn