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Global food prices at highest level in 10 years
The FAO Food Price Index averaged 127.1 points in May 2021, 4.8 per cent higher than in April and 39.7 per cent above the same period last year. 3 min read
Global food commodity prices rose in May at their fastest monthly rate to their highest value since September 2011, led by oils, sugar and cereals, the
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The index tracks the international prices of the most commonly traded food commodities.
The FAO Food Price Index averaged 127.1 points in May 2021, 4.8 per cent higher than in April and as much as 39.7 per cent above the same period last year.
Rome [Italy], June 3 (ANI): Global food prices rose in May at their fastest monthly rate in more than a decade even as world cereal production is on course to reach a new record high, the Food and Agriculture Organisation (FAO) of the United Nations reported on Thursday.