Food prices rise sharply in January
FAO Food Price Index up 4.3 percent to reach highest level since July 2014, while worldwide cereal stocks are set to drop sharply
4 February 2021, Rome - Global food prices rose in January for the eighth consecutive month, led by cereals, vegetable oils and sugar, according to the Food and Agriculture Organization of the United Nations (FAO).
FAO s Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities and was released today, averaged 113.3 points in January, marking a 4.3 percent increase from December 2020 and reaching its highest level since July 2014.
The FAO Cereal Price Index showed a sharp 7.1 percent monthly increase, led by international maize prices, which surged 11.2 percent and are now 42.3 percent above their January 2020 level, reflecting increasingly tight global supply amid substantial purchases by China and lower-than-expected production and stock estimates in the United
A cow feeds in Armenia.
FAO’s Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities and was released today
[4 February 2021], averaged 113.3 points in January, marking a 4.3 percent increase from December 2020 and reaching its highest level since July 2014.
The FAO Cereal Price Index showed a sharp 7.1 percent monthly increase, led by international maize prices, which surged 11.2 percent and are now 42.3 percent above their January 2020 level, reflecting increasingly tight global supply amid substantial purchases by China and lower-than-expected production and stock estimates in the United States of America as well as a temporary suspension of maize export registrations in Argentina.
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Global food prices continued rising for the eighth conservative month in January, led by cereals, vegetable oils and sugar, the
This is according to the
Food Price Index report released on Thursday. The index tracks international prices of most commonly traded food commodities.
The FAO Food Price Index averaged 113.3 points in January, making a 4.3 per cent increase from December 2020 and reaching its highest level since July 2014.
In the report, the FAO Cereal Price Index showed a sharp 7.1 per cent monthly increase, led by maize prices, which surged 11.2 per cent and are now 42.3 per cent above their January 2020 level.
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