Global food prices rose at rapid pace in May: FAO
Global food prices rose at rapid pace in May: FAO
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Global food prices rose at rapid pace in May: FAO
English News and Press Release on World about Food and Nutrition; published on 03 Jun 2021 by FAO
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.
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Global food prices rose at rapid pace in May: FAO ROME, 3rd June, 2021 (WAM) -- 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 of the United Nations (FAO) reported today. The FAO Food Price Index averaged 127.1 points in May, 4.8 percent higher than in April and 39.7 percent higher than in May 2020. A surge in the international prices of vegetable oils, sugar and cereals led the increase in the index, which tracks monthly changes in the internatio...