World food prices rise for seventh month in a row: FAO russiaherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from russiaherald.com Daily Mail and Mail on Sunday newspapers.
FAO - News Article: World food prices rise for seventh month in a row in December fao.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fao.org Daily Mail and Mail on Sunday newspapers.
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Over the whole of 2020, the Food Price index averaged 97.9 points, a three-year high and 3.1 per cent increase from 2019 but still well below its peak of 131.9 points registered in 2011, the Food and Agriculture Organisation of the United Nations has said.
This is according to the Food Price Indexreport released on Thursday, which tracks international prices of most commonly traded food commodities.
The FAO Food Price Index averaged 107.5 points in December, up 2.3 points (2.2 per cent ) higher than in November, marking the seventh month of consecutive increase.
“Except for sugar all sub-indices of the FAO food price index registered modest gains in December with the sub-index of vegetable oil again rising the most followed by that of dairy, meat and cereals.