Global food prices at highest since 2014 due to pandemic fallout
The FAO’s food price index rose for an eighth month, with some governments taking action to tackle surging domestic prices, which may reduce supplies for international market
04 February 2021 - 17:29
Rome — Global food prices rose for an eighth consecutive month in January to their highest since July 2014, the UN food agency said on Thursday, as economies continue to battle fallout from the Covid-19 pandemic.
The Food and Agriculture Organization’s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 113.3 points in January compared to an upwardly revised 108.6 in December. Jumps in cereals, sugar and vegetable oils led the rise, the FAO said...
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