FAO: Food prices rose to a 10-year high last year

By: Trademagazin editor Date: 2022. 01. 21. 08:25

Last year, food prices rose by an average of 28.1 percent globally, and the index following their movement rose to a 10-year high, according to a report by the Food and Agriculture Organization of the United Nations (FAO).

FAO food price index rises to ten-year high

The organization’s food price index takes into account the international market prices of the five most important food raw materials – vegetable oils, cereals, meat, dairy products and sugar. Based on this, last year’s indicator increased by an average of 28.1 percent (27.6 points) to 125.7 points, the highest level since 2011, when the indicator was 131.9 points. (MTI)