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Food and Agriculture Organization of the United Nations

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An official said prices of all food categories jumped last year due to strong demand. (file)

Paris:

The Food and Agriculture Organization of the United Nations said on Thursday that global food prices hit a 10-year high in 2021, an average of 28 percent higher than the previous year.

The FAO’s Food Price Index, which tracks monthly changes in international prices of commonly traded food commodities, eased slightly in December.

However, at 133.7 points, it remained close to the record of 137.6 points set in February 2011. The index for the full year stood at 125.7 points, the highest in a decade.

FAO’s senior economist said, “While higher prices are generally expected to increase output, higher input costs, the ongoing global pandemic and ever more uncertain climate conditions may suggest a return to even more stable market conditions in 2022.” I leave little room for optimism.” Abdolreza Abbasian said in a statement.

He said the strong demand led to a jump in prices across all food categories last year.

Last year, edible oil prices saw an average jump of 66 per cent and reached an all-time high.

Grain prices rose 27 percent, at levels not seen since 2012, corn prices increased by 44.1 percent and wheat prices by 31.3 percent.

Meat prices increased by an average of 12.7 percent and dairy products by 16.9 percent in 2021.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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