Surging food import costs threaten world’s poorest, FAO warns
The world’s food import bill, including shipping costs, is projected to reach $1.715-trillion this year
10 June 2021 - 16:52
Food import costs across the world are expected to surge to record levels this year, piling pressure on many of the poorest countries whose economies have already been ravaged by the Covid-19 pandemic, the Food and Agriculture Organization (FAO) of the UN said on Thursday.
These high costs may persist for a sustained period as nearly all agricultural commodities have become more expensive while a rally in energy markets could raise farmers’ production costs, the FAO said. ..
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