The food price index rose to the highest since the beginning of the calculation in 1990 – 143.7 points.
In 2002, world food prices increased by an average of 14.3% compared to 2021. The food price index rose to the highest since the beginning of calculation in 1990 – 143.7 points. This was reported on the website of the Food and Agriculture Organization of the United Nations.
It is noted that last year only global oil quotes fell: the FAO vegetable oil price index fell by 6.7% compared to November and reached its lowest level since February 2021.
Current harvests in the southern hemisphere have boosted wheat exports, while strong competition from Brazil has pushed down world corn prices, the UN said. In contrast, global rice prices rose, supported by purchases in Asia and currency appreciation against the US dollar for exporting countries.
Recall that in 2022 Ukraine exported more than 50 million tons of agricultural products.
According to the representative of the UN Secretary-General, Stéphane Dujarric, food exports through the Black Sea have been able to influence the reduction in the cost of basic food in the world and have saved approximately 100 million people from extreme poverty .
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.