In May, world food prices showed the highest increase in 10 years

게시됨 2021년 6월 6일

Tridge 요약

In May, the Food and Agriculture Organization of the United Nations (FAO) reported the biggest increase in global food prices in over a decade, with the index reaching its highest level since September 2011. This surge was primarily due to a significant rise in prices for vegetable oils, sugar, and cereals. The grain price index surged by 6% mainly due to an increase in corn prices, although they later declined due to improved yields in the United States. Additionally, the vegetable oil price index rose by 7.8% because of higher prices for palm, soybean, and rapeseed oil. The average value of the FAO sugar price index increased by 6.8% due to harvest delays and fears of low yields in Brazil. Lastly, the meat price index increased by 2.2% due to growing imports from China and domestic demand for poultry and pork.

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원본 콘텐츠

This is stated in the report of the Food and Agriculture Organization of the United Nations (FAO). "In May, world food prices rose by the most amount in more than 10 years, despite the fact that world grain production could reach an unprecedented high level," the statement said. One of the factors in the growth of this index, which allows us to monitor monthly fluctuations in world prices for the most popular food products, was a sharp rise in world prices for vegetable oils, sugar and cereals; it reached its highest level since September 2011, which is only 7.6% below its historical maximum in nominal terms. "FAO's dairy price index also rose 1.8% this month from the same period last year. The main driver of growth was the active import demand for whole milk powder, while butter prices fell for the first time in almost a year due to an increase in New Zealand's exports, ”the FAO added. Note that compared to April, the FAO grain price index increased by 6% mainly due to the growth ...

출처: Agravery