Food and Agriculture Organization of the United Nations:Global food prices rise to highest level in nearly 7 years
By: Date: 2021-04-13 Categories: Internationalfood Tags: ,
  The latest monthly report on global food prices released by the Food and Agriculture Organization of the United Nations on the 8th showed that global food prices rose for the 10th consecutive month in March, reaching the highest level since June 2014.

  The report shows that the FAO Food Price Index in March was 118.5 points, an increase of 2.1%from the previous month. Among them, the price of vegetable oil increased by 8%month-on-month, reaching the highest level in the past 10 years; the price index of dairy products and meat increased by 3.9%and 2.3%respectively. In the same month, the price index of cereals and sugar fell month-on-month, but there was still a large increase compared with the same period last year.
  The report also pointed out that the outlook for cereal crop production in 2021 is optimistic. FAO predicts that world cereal production will increase for the third consecutive year in 2021. Among them, the global wheat output is expected to be 785 million tons, an increase of 1.4%over 2020; the expected corn output is also higher than average.
   The FAO Food Price Index is published once a month to measure changes in the international prices of the most active food commodities in global trade. The index is composed of the weighted average of the price indices of five commodity categories including cereals, vegetable oils, dairy products, meat and sugar.