Global food prices hit a 10-year high in 2021, rising an average of 28 percent from the previous year, the Food and Agriculture Organization of the United Nations said on Thursday.
The FAO food price index, which tracks monthly changes in international prices for commonly traded food products, edged down in December.
However, at 133.7 points, it remained close to the record of 137.6 points it set in February 2011. The index stood at 125.7 points for the full year, also. the highest in a decade.
“While normally high prices should give way to increased production, the high cost of inputs, the ongoing global pandemic and increasingly uncertain weather conditions leave little room for optimism about a return. under more stable market conditions, even in 2022 ”, FAO senior economist. Abdolreza Abbassian said in a statement.
Prices across all food categories jumped last year due to strong demand, he said.
Edible oils saw an average price increase of 66% last year to reach their highest level on record.
Cereal prices rose 27 percent, reaching a level not seen since 2012, with maize prices up 44.1 percent and wheat up 31.3 percent.
Meat prices increased on average by 12.7% in 2021 and dairy products by 16.9%.
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