Food Prices Hit Record High Year to Year 20.7%

Customers walk past a fruit stall at a street market, in Mexico City, Mexico December 17, 2021. REUTERS/Luis Cortes/File Photo

Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Food prices jump 20.7% yr/yr to hit record high in Feb, U.N. agency says
  • Higher food prices have contributed to a broader surge in inflation as economies recover from the coronavirus crisis and the FAO has warned that the higher costs are putting poorer populations at risk in countries reliant on imports.
  • FAO said its vegetable oils index rose 8.5% month-on-month in February to chalk up another record high
  • Ukraine and Russia account for about 80% of global exports of sunflower oil.
  • The cereal price index rose 3.0% on the month, with maize prices up 5.1% and wheat prices increasing 2.1%
  • AO’s dairy price index increased 6.4%, its sixth consecutive monthly rise, underpinned by tight global supplies

Read the original article by clicking here.

Leave a Reply

To have your avatar appear when commenting, please signup for the Gravatar service. Your email address will not be published.

 characters available

To have your avatar appear when commenting, please signup for the Gravatar service.